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Use the Table Below to Answer the Following Questions

question 9

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Use the table below to answer the following questions.
Windsurfing equipment rents for $10 per hour and snorkeling equipment rents for $5 per hour.
Table 8.2.1
Use the table below to answer the following questions. Windsurfing equipment rents for $10 per hour and snorkeling equipment rents for $5 per hour. Table 8.2.1    -Consider Devon's total utility from snorkeling and windsurfing in Table 8.2.1. 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
-Consider Devon's total utility from snorkeling and windsurfing in Table 8.2.1. 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?


Definitions:

Uncontrollable Worry

Excessive anxiety and concern about multiple events or activities that is difficult to control.

Jittery

Feeling nervous or anxious, often with involuntary movements or shaky actions.

Obsession

An intrusive and persistent thought, idea, or image that causes significant anxiety or distress.

Compulsion

A strong, usually irresistible impulse to perform an act, especially one that is irrational or contrary to one's will.

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