Question
Question content area top left Part 1 When the price of an hour of tennis is $10, Cindy plays tennis for 3 hours a month.
Question content area top left
Part 1
When the price of an hour of tennis is $10, Cindy plays tennis for 3 hours a month. When the price of an hour of tennis is $5, Cindy plays tennis for 4 hours a month.
Draw points to show how many hours of tennis Cindy plays when the price of tennis is:
1) $10 an hour. Label the point 1.
2) $5 an hour. Label the point 2.
Draw Cindy's demand curve through these points. Label
it.
Question content area bottom left
Part 1
Over the price range of $5 to $10 an hour of tennis, what is Cindy's price elasticity of demand for tennis?
Cindy's price elasticity of demand for tennis is
enter your response here.
>>> Answer to 2 decimal places.
Part 2
Is Cindy's price elasticity of demand for tennis elastic, inelastic, or unit elastic?
Cindy's price elasticity of demand for tennis is
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