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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
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
-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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