Multiple Choice
Tennis balls and tennis rackets are complements.If a 3 percent change in the price of a tennis racket leads to a 9 change in the quantity of tennis balls demanded,the cross elasticity of demand equals
A) 3.
B) -3.
C) 1/3.
D) -1/3.
E) 9.
Correct Answer:
Verified
Correct Answer:
Verified
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