The demand for nike shoes is more price elastic than demand for basketball shoes as a whole. This is best explained by the fact that:
1. There are more substitutes for nike basketball shoes than for basketball shoes as a whole.
2. There are more compliments for nike basketball shoes than for basketball shoes as a whole
3. Nike basketball shoes are a luxury and not a necessity.
4. Nike basketball shoes are the highest quality and are widely advertised
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Analyze the analogy and read the information below it. fish : fin : : bird : wing if you were reading this aloud, you would say, "fish is to fin as bird is to wing." this analogy uses parts of an animal to relate to the whole animal. much like how a fin a fish move, so does a wing a bird move. which analogy also uses parts to relate to the whole? sky : blue : : dirt : brown flower : petal : : tree : leaf car : road : : boat : water food : sandwich : : sport : softball
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The demand for nike shoes is more price elastic than demand for basketball shoes as a whole. This is...
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