If tennis rackets and tennis balls are complements, an increase in the price of tennis rackets will cause the equilibrium price of tennis balls to __ and the equilibrium quantity of tennis balls to _.

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02-02-2022
Business

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If tennis rackets and tennis balls are complements, an increase in the price of tennis rackets will cause the equilibrium price of tennis balls to __ and the equilibrium quantity of tennis balls to _.

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ayfat23 ayfat23 · Answer 1 · 2022-02-10T11:07:24+01:00

Since the tennis rackets and tennis balls are complements,then equilibrium price of tennis balls would decrease and the equilibrium quantity of tennis balls decrease if there is increase in the price of tennis rackets.

What is Equilibrium price?

Equilibrium price can be regarded as the point where there is intersection of cost of a product as well as the demand for that product.

learn more about Equilibrium price at;

https://brainly.com/question/14297698

unknown2425 unknown2425 · Answer 2 · 2022-07-26T19:53:46+02:00

unknown2425 unknown2425

26-07-2022

Answer: decrease

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If tennis rackets and tennis balls are complements, an increase in the price of tennis rackets will cause the equilibrium price of tennis balls to ______ and the equilibrium quantity of tennis balls to _____.

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What is Equilibrium price?

Otras preguntas

If tennis rackets and tennis balls are complements, an increase in the price of tennis rackets will cause the equilibrium price of tennis balls to __ and the equilibrium quantity of tennis balls to _.