Question about demand curve

Reference no: EM1368444

The demand by senior citizens for showings at a local movie house has a constant price elasticity equal to - 4. The demand curve for all other patrons has a constant price elasticity equal to - 2. If the marginal cost per patron is $1 per showing, how much should the theatre charge members of each group?

Reference no: EM1368444

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Question about demand curve : Demand by senior citizens for showings at local movie house has a constant price elasticity equal to-4. The demand curve for all other patrons has constant price elasticity equal to-2.

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