From the accompanying table,we can see that the demand curve for ice skates by hockey players will be ________ the demand curve for recreational skaters.

A) steeper than
B) flatter than
C) unrelated to
D) the same as
E) the inverse of

Question

From the accompanying table,we can see that the demand curve for ice skates by hockey players will be ________ the demand curve for recreational skaters.

A) steeper than 
B) flatter than 
C) unrelated to 
D) the same as 
E) the inverse of

Quizplus · Accepted Answer

The demand curve for ice skates by hockey players will be steeper than the demand curve for recreational skaters because hockey players have a higher demand for ice skates and are likely to be more sensitive to changes in price. Recreational skaters may be more willing to substitute other activities for ice skating if the price of skates increases, whereas hockey players may not have as many substitutes and therefore will have a more inelastic demand.

From the Accompanying Table,we Can See That the Demand Curve