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Author Question: Tennis balls cost a set and tennis rackets cost Which of the following is TRUE? (Read 172 times)

bb

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Question 1

Assume you earn a year and your favourite sports magazine costs you a year. Your demand for the sports magazine is likely to be
◦ perfectly inelastic.
◦ inelastic.
◦ perfectly elastic.
◦ elastic.

Question 2

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.


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Marked as best answer by bb on May 25, 2020

chinwesucks

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bb

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Reply 2 on: May 25, 2020
Excellent


jordangronback

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Reply 3 on: Yesterday
:D TYSM

 

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