1.2.3 Price, income and cross elasticities of demand

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Question 6

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]

1.2.3 Price, income and cross elasticities of demand

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Question 6

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]

1.2.3 Price, income and cross elasticities of demand

Question 6

Table 1: Price elasticity of demand for cinema tickets

1.2.3 Price, income and cross elasticities of demand Questions

1.2.3 Price, income and cross elasticities of demand

Question 6

Table 1: Price elasticity of demand for cinema tickets

1.2.3 Price, income and cross elasticities of demand Questions