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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

Correct Answer:

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