Two parts to the question: 1a. Amusement parks often offer discounts to locals w
ID: 1111980 • Letter: T
Question
Two parts to the question:
1a. Amusement parks often offer discounts to locals with IDs. This is an example of
a. A direct discrimination scheme
b. An indirect discrimination scheme
c. Diminishing marginal returns
d. Vertical integration
1b. Scenic Cinemas surveyed its audience and found that while most movie goers prefer weekends, seniors visit on weekdays. How should the theatre respond?
a. Increase prices for the weekday shows, decrease the prices for the weekend shows
b. Decrease both the weekday and weekend ticket prices
c. Decrease prices for the weekday shows, increase prices on the weekends
d. Increase both the weekday and weekend prices
Explanation / Answer
1a.
A direct discrimination scheme
the above is the answer
1b.
Decrease prices for the weekday shows, increase prices on the weekends
the above is the answer
because it would raise demand during low demand period.
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