Suppose the price of membership at local golf courses increases.
Use the line drawing tool to show how this affects the demand for ping golf clubs by drawing a new demand curve. Assume memberships at local golf courses and ping golf clubs are complements. Property labels this line.

Carefully follow the instructions above, and only draw the required objects.
Instead, suppose the price of tennis rackets increases. If tennis rackets and gold clubs are substitutes, then the demand for ping clubs will decrease.

Which diagram represents the cancer-fighting drug? Why?
a. Market demand reflects the availability of many substitutes.
b. Market demand reflects the availability of few substitutes.
c. Market supply reflects the availability of few substitutes.

Transcribed Image Text:

Canly of Porouss Price of Png Goif Clubs Figre 1 Fige 2 Quantity (per month) Quantily (per month) Price Price