Final answer:
Opera companies offer low-priced tickets to students primarily to make cultural events accessible and to fill seats that might otherwise go unsold. These reasons align with fostering a love for the arts and optimizing revenue. Options B and D are the correct answer.
Step-by-step explanation:
The reason opera companies offer low-priced tickets can be multifaceted. One key reason is that they want to ensure students have access to shows at an affordable price, contributing to cultural education and potentially fostering a love for the arts. Offering low-priced tickets to students can also help fill seats that might otherwise go unsold, maximizing attendance and revenue for the opera company.
It is not accurate to say that all students have an elastic demand for opera tickets, as demand can vary based on several factors such as personal interest, time availability, and alternative entertainment options. Additionally, while the prospect of last-minute deals might create some excitement among students, creating a frenzy for last-minute student tickets is not necessarily a strategic objective but rather a potential side effect of offering discounted tickets.