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    Demand Curve

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    The demand by senior citizens for showings at a local movie house has a constant price elasticity equal to - 4. The demand curve for all other patrons has a constant price elasticity equal to - 2. If the marginal cost per patron is $1 per showing, how much should the theatre charge members of each group?

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    https://brainmass.com/economics/macroeconomics/demand-curve-130097

    Solution Summary

    The solution answers the question below.

    $2.19