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.

Question

Quizplus · Accepted Answer

As leisure time becomes more scarce, Joe will likely prioritize activities that require less time, such as attending concerts, which take only two hours compared to four hours for golf.

Assume a Round of Golf Requires Four Hours of Leisure