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

Question 95

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 cross elasticity of demand of snorkeling with respect to the price of windsurfing?


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

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