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

question 64

Multiple Choice

Consider Devon's total utility from snorkeling and windsurfing in Table 8.3.1.Suppose that Devon's total income rises from $35 to $55,ceteris paribus.Given that Devon changes his choice of windsurfing and snorkeling,what is his income elasticity for windsurfing?

• A)zero
• B)28.6
• C)44.4
• D)0.64
• E)1.55

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Definitions:

Older Adults

Individuals who are in the later part of their life, often considered to be those aged 65 years and older.

Death

The permanent cessation of all biological functions that sustain a living organism.

Psychosocial Task

A challenge or responsibility that is crucial for social and psychological development throughout different stages of life.

Young Adulthood

A developmental stage referring to individuals in their late teens to early 20s, characterized by increased independence, identity exploration, and the establishment of personal and professional goals.