Multiple Choice
From the accompanying table,we would expect that,for recreational skaters,the price elasticity of demand for ice skates between $10 and $20 to be ________ than that of hockey players because ________.
A) more elastic; ice skates are a normal good
B) less elastic; ice skates are an inferior good
C) the same; they both skate
D) more elastic; recreational skaters can substitute other activities
E) less elastic; hockey players need skates
Correct Answer:

Verified
Correct Answer:
Verified
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