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 as dependent on ice skating as hockey players are, and thus have more flexibility to substitute other activities. Therefore, we can expect the price elasticity of demand to be more elastic for recreational skaters than for hockey players.

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