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Answer to Question #49393 in Microeconomics for susie

Question #49393
Children are often charged less than adults for admission to movies, theme parks, and professional sporting events. However, they are charged the same prices as adults at the concession stands. Which of the following best explains such pricing arrangements:
children have an elastic demand for admission but an inelastic demand for items at the concession stands
children have an inelastic demand for admission but an elastic demand for items at the concession stands
sellers can prevent adults from being admitted with a child’s ticket but cannot prevent children from buying concession items for adults
children can personally use only a single ‘ticket’ for admission, but can personally consume more than one concession item
Expert's answer
The fact, that children have an inelastic demand for admission but an elastic demand for items at the concession stands best explains such pricing arrangements:
So, the right answer is b) children have an inelastic demand for admission but an elastic demand for items at the concession stands.

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