Draw Maxs demand curve for rented windsurfing equipment. Over the price range $5 to $10 an hour,
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Draw Max’s demand curve for rented windsurfing equipment. Over the price range $5 to $10 an hour, is Max’s demand elastic or inelastic?
Max has $35 a day to spend on windsurfing and snorkeling and he can spend as much time as he likes doing them. The price of renting equipment for windsurfing is $10 an hour and for snorkeling is $5 an hour. The table shows the total utility Max gets from each activity.
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