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 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:

Verified
Correct Answer:
Verified
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