Multiple Choice
Assume a round of golf requires four hours of leisure time, and attending a concert requires two hours. If the price of a round of golf is $40 and the price of a concert is $80, ceteris paribus, Joe will play
A) golf but not attend concerts, since golf is cheaper.
B) golf twice as often as he attends concerts.
C) less golf whenever he receives a large raise.
D) relatively less golf and attend relatively more concerts whenever his leisure time becomes more scarce.
Correct Answer:

Verified
Correct Answer:
Verified
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