1.2 How markets work

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Question 26

Table 1: Price elasticity of demand for cinema tickets

Customer Group	Price elasticity of demand
Senior Citizen (65+)	-1.3
Young Professional (22-35)	-0.6

Explain one likely reason for the difference in the price elasticity of demand for cinema tickets between Senior Citizens (65+) and Young Professionals (22-35).

[4]

1.2 How markets work

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37

Question 26

Table 1: Price elasticity of demand for cinema tickets

Customer Group	Price elasticity of demand
Senior Citizen (65+)	-1.3
Young Professional (22-35)	-0.6

Explain one likely reason for the difference in the price elasticity of demand for cinema tickets between Senior Citizens (65+) and Young Professionals (22-35).

[4]

1.2 How markets work

Question 26

Table 1: Price elasticity of demand for cinema tickets

1.2 How markets work Questions

1.2 How markets work

Question 26

Table 1: Price elasticity of demand for cinema tickets

1.2 How markets work Questions