Lorena’s frequency of playing golf each year is influenced by several factors, including the price of playing a round of golf, her income, and the cost of other types of entertainment. Let’s break down how each of these factors plays a role:
- Price of Playing Golf: If the price of playing a round of golf increases, Lorena might play less frequently. This is because higher prices can make golf less affordable, especially if her income doesn’t increase proportionally.
- Income: Lorena’s income directly affects how much she can spend on leisure activities like golf. If her income increases, she might play more often, assuming the price of golf remains the same or increases at a slower rate than her income.
- Cost of Other Entertainment: The cost of other entertainment options also plays a role. If the cost of other forms of entertainment rises, Lorena might choose to play golf more often as it becomes a relatively cheaper option. Conversely, if other entertainment options become cheaper, she might play golf less frequently.
In summary, Lorena’s decision to play golf is a balance between the cost of golf, her income, and the cost of other entertainment options. Changes in any of these factors can influence how often she chooses to play.