Question: Use your answers to Problems 26a and 28 to explain how Cindys demand for golf changed when the price of an hour of tennis increased.
Use your answers to Problems 26a and 28 to explain how Cindy’s demand for golf changed when the price of an hour of tennis increased. What is Cindy’s cross elasticity of demand for golf with respect to the price of tennis? Are tennis and golf substitutes or complements for Cindy?
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