Question: Solve Moving to another question will save this response. Question 9 of 70 Question 9 2 points Save Anowe Bradley always buys and uses Nike

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Moving to another question will save this response. Question 9 of 70 Question 9 2 points Save Anowe Bradley always buys and uses Nike brand golf balls. If he finds a Titleist or Callaway ball in the rough, he gives it away. Brand-loyal golfers like Bradley allow Nike to charge a higher price and not lose many sales. By building a strong brand, Nike has effectively 1. reduced the price elasticity of demand for its products. O 2. shifted the golf ball market from a monopoly to pure competition. O 3. increased the income effect for its products. 4. increased the cross-price elasticity for its products. O 5. focused on the competitive parity point for its products. F12 F8 F10 F11 insert F9 F3 F4 F5 F6 F7 F2 Backspace % @ O 8 CO 6

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