Question

The demand for a movie ticket is probably _________________ than is the demand for a Broadway show ticket because ______________. Multiple Choice more price elastic; a movie ticket has fewer available substitutes. more price elastic; a movie ticket requires a smaller portion of one's income. less price elastic; a movie ticket requires a smaller portion of one's income.

Answer 1

Less price elastic; a movie ticket requires a smaller portion of one's income

Explanation:

^ABOVE^