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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