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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.

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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

Price (dollars per hour) 14 12- 10- 8. 6- 4 2. 2 Tennis (hours per month) > >> Draw only the objects specified in the