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Homework answers / question archive / The demand by senior citizens for showings at a local movie theater has a constant price elasticity equal to -4

The demand by senior citizens for showings at a local movie theater has a constant price elasticity equal to -4

Economics

The demand by senior citizens for showings at a local movie theater has a constant price elasticity equal to -4. The demand curve for students has a constant price elasticity equal to -3. The demand curve for all other patrons has a constant price elasticity equal to -2. If the marginal cost per customer is $2 per showing, how much should the theater charge members of each of the three groups?

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