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

Explain how Eurobanks played a role in the Iranian Hostage Crisis in 1979

What will be an ideal response?

The supply of product X is inelastic (but not perfectly inelastic) if the price of X rises by:

A. 5 percent and quantity supplied rises by 7 percent. B. 8 percent and quantity supplied rises by 8 percent. C. 10 percent and quantity supplied remains the same. D. 7 percent and quantity supplied rises by 5 percent.