Question: Question 2 1 From the accompanying table, we would expect that, for amateur skaters, the price elasticity of demand for ice skates between $ 1

Question 2
1
From the accompanying table, we would expect that, for amateur skaters, the price elasticity of demand for ice skates between $10 and $20 to be that of hockey players because q,
\table[[Price of Ice Skates,Quantity Demanded (professional hockey players),Quantity Demanded (amateur skaters)],[$10,95,70],[$20,85,50],[$40,75,30],[$50,65,20],[$60,60,10]]
less elastic; professional hockey players need skates
the same; they both skate
more elastic; ice skates are a normal good
less elastic; ice skates are an inferior good
more elastic; amateur skaters are more likely to substitute other activities
Question 2 1 From the accompanying table, we

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