Movie theaters usually set lower prices for children than for adults because
A) children can be served at lower costs.
B) they expect to make up the loss on the sale of refreshments.
C) they think the price elasticity of demand for movie tickets is quite elastic for children at the regular or adult price.
D) they want to get young people into the habit of attending movies.
Question 2
Specialization and trade allow countries to consume beyond their PPFs.
Indicate whether the statement is true or false
Generally, the total tax burden in the United States is much lower than that of other industrialize
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