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

Recreational skaters are not dependent on skating and can opt for other activities if the price of skates becomes too high. Therefore, their demand for skates is more elastic in the given price range compared to hockey players who are more likely to continue purchasing skates even with a price increase, making their demand less elastic.

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