Consider Devon's Total Utility from Snorkeling and Windsurfing in Table

question 12

Multiple Choice

Consider Devon's total utility from snorkeling and windsurfing in Table 8.3.1.Suppose Devon's total income is $35.If the price of windsurfing rises to $20 per hour,what is Devon's price elasticity of demand for windsurfing?

• A)1.0
• B)0.67
• C)1.5
• D)10
• E)1.33

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Definitions:

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the size of the pupil and thus the amount of light that enters the eye.

Photoreceptor Cells

Specialized neurons in the retina that convert light into electrical signals, enabling vision.

Tinnitus

A condition characterized by hearing noises (such as ringing, buzzing, or humming) in the ears when no external sound is present.

Nystagmus

An involuntary, rapid movement of the eyeballs, which can be horizontal, vertical, or rotary.