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

Question

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

Quizplus · Accepted Answer

The price elasticity of demand for ice skates between $10 and $20 is likely to be more elastic for recreational skaters than hockey players because recreational skaters have a wider range of activities they can substitute for skating, whereas hockey players require skates to play their sport. Therefore, a change in the price of ice skates is likely to have a greater effect on the quantity demanded by recreational skaters than by hockey players, making the demand more elastic for recreational skaters.

From the Accompanying Table,we Would Expect That,for Recreational Skaters,the Price