Economics

This is straight from my Economics assignment.

“In the town of Oz, there are two types of tennis players: wizards and imps. Wizards and Imps do not socialize, so it would be impossible to start a tennis club that both types would join. Imps have access to credit but a weak demand for tennis as follows. Because of their access to credit, they would be willing to pay an upfront fee to join the club. Wizards live from paycheck to paycheck and would be willing to pay for each tennis game as they go along.”

W.T. F.

My thoughts: Why don’t imps and wizards socialize? is that a racial issue or a social class issue?  also, why are wizards so broke?

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