(Last Word) Based on the Concept of Price Elasticity of Demand

Multiple Choice

(Last Word) Based on the concept of price elasticity of demand, which of the following cases is most likely to occur?

A) golf courses charging higher prices for golf during the week than on weekends
B) movie theaters charging higher prices for senior citizens
C) colleges charging lower tuition for low-income students
D) airlines charging lower fares for business travelers