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From the Accompanying Table, We Would Expect That, for Recreational

Question 4

Multiple Choice

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 .  Price of Ice  Skates  Quantity Demanded  (hockeyplayers)   Quantity  Demanded  (recreational  skaters)  $109570$208550$407535$506545$606050\begin{array} { | l | c | c | } \hline \begin{array} { l } \text { Price of Ice } \\\text { Skates }\end{array} & \begin{array} { l } \text { Quantity Demanded } \\\text { (hockeyplayers) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { Demanded } \\\text { (recreational } \\\text { skaters) }\end{array} \\\hline \$ 10 & 95 & 70 \\\hline \$ 20 & 85 & 50 \\\hline \$ 40 & 75 & 35 \\\hline \$ 50 & 65 & 45 \\\hline \$ 60 & 60 & 50 \\\hline\end{array}


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

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