If the elasticity of demand for peaches is 1.76 and the ...

[AEWBW]

If the elasticity of demand for peaches is 1.76 and the elasticity of demand for apples is 1.59, then consumers are
 
  A) more sensitive to a change in the price of peaches than they are to a change in the price of apples.
  B) less sensitive to a change in the price of peaches than they are to a change in the price of apples.
  C) more sensitive to a change in the quantity of peaches than they are to a change in the quantity of apples.
  D) less sensitive to a change in the quantity of peaches than they are to a change in the quantity of apples.

Question 2

Bill Bonecrusher graduates from college with a choice of playing professional football at 2 million a year or coaching for 50,000 a year.
 
  He decides to play football, but eight years later, though he could continue to play football at 2 million a year, he quits football to make movies for 3 million a year. His opportunity cost of playing football at graduation was ________ and eight years later the opportunity cost of making movies was ________. A) 50,000; 2 million
  B) 2 million; 2 million
  C) 2 million; 3 million
  D) 50,000; 50,000

[sabina576]

Answer to Question 1

A

Answer to Question 2

A

[AEWBW]

Thank you

[sabina576]

Happy to help you