Question: pls help!!!! aBbCcDc AaBbC( AaBbCc Ac D) 1 Normal 1 No Spac... Heading 1 Heading 2 Title Paragraph Styles Ariya likes to play golf. The
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aBbCcDc AaBbC( AaBbCc Ac D) 1 Normal 1 No Spac... Heading 1 Heading 2 Title Paragraph Styles Ariya likes to play golf. The number of times per year that she plays depends on the price of playing a round of golf, Ariya's income, and the price of other At $20, income elasticity of demand = types of entertainment-in particular, the price of going to a movie instead of playing golf. The three demand schedules in the following table show how Is the income elasticity the same at all three many rounds of golf per year Ariya will demand at each price per round under prices? three different scenarios. In scenario D,, Ariya's income is $50,000 per year and movies cost $9 each. In scenario Do, Ariya's income is also $50,000 per Is golf an inferior good? year, but the price of seeing a movie rises to $11. And in scenario D.. Anya's income goes up to $70,000 per year, while movies cost $11. Instructions: Round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-] in front of those numbers. a. Using the data under D, and Do, calculate the cross elasticity of Anya's demand for golf at all three prices. (To do this, apply the midpoints approach to the cross elasticity of demand.) At $50, cross elasticity = At $35, cross elasticity = At $20, cross plasion = Is the cross elasticity the same at all three ances? Are movies and golf substitute goods, complementary goods, or independent goods? b. Using the data under D. and D. calculate the income elasticity of Ariya's demand for golf at all three prices. (To do this, apply the midpoints approach to the income elasticity of demand.) At $50, income elasticity of demand = At $35, income elasticny of demand =
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