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emlaai emlaai
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3 years ago
Tennis balls cost a set and tennis rackets cost Which of the following is TRUE?

▸ The demand for tennis balls is perfectly inelastic since they can be used only if you own a tennis racket.

▸ The price elasticity of demand must be the same for both tennis balls and tennis rackets since they are complements.

▸ The demand for tennis balls is likely to be less elastic than the demand for tennis rackets.

▸ The demand for tennis balls is likely to be more elastic than the demand for tennis rackets.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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jackjohnson74jackjohnson74
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3 years ago
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