The National Football League owns the NFL Network,a 24-hour cable channel devoted entirely to pro football.The network is available through satellite providers but several major cable companies,including Time Warner,do not offer the network.If Taylor chooses to pay a higher monthly charge by switching from cable to a satellite provider so he can watch the NFL Network and Harriet chooses not to do the same,then
A) Taylor has lost some consumer surplus by paying the additional fee.
B) Harriet has gained some consumer surplus by not having to pay the additional fee.
C) Harriet's demand for sports entertainment is more price elastic than Taylor's demand.
D) Taylor's demand for sports entertainment is more price elastic than Harriet's demand.
Correct Answer:
Verified
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