Use the Table Below to Answer the Following Questions

question 6

Multiple Choice

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 Devon's total income is $35. If the price of windsurfing rises to $20 per hour, what is Devon's elasticity of demand for windsurfing?

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

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Definitions:

Dissonance

A state of conflict or inconsistency between beliefs, attitudes, or actions.

Coerced

Being forced or pressured to act in a certain way without true consent, often under threat or manipulation.

Fundamental Attribution Error

The tendency to overemphasize personal traits and underemphasize situational factors when explaining other people's behavior.

Role-Playing

The act of assuming the role of a character or person, either for entertainment, education, or therapeutic purposes, to explore different scenarios and outcomes.