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16-11-2020
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If Nike increases the price of their shoes, will the demand or quantity demanded
change?

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16-11-2020

Answer:

If the price of Nike rises, demand for New Balance shifts to the right. If the price of Nike decreases, demand for New Balance would shift to the left. Complementary goods—a rise in the price of one good leads to a decrease in the demand for other good, and vice versa.

Explanation:

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