Question

" Brad always buys and uses Nike brand golf balls. If he finds a Titlelist or Callaway ball in the rough, he gives it away. Brand loyal golfers like Brad allow Nike to charge a higher price and not lose many sales. Nike has effectively: "

Answer 1

b. reduced the price elasticity of demand for its products.

Step-by-step explanation:

The price elasticity of demand refers to the relationship between the percentage change in the price of a good and the percentage change in the quantity demanded

Like it in the question, it is mentioned that Nike charged a higher price and does not want to lose many sales which results that it declines the price elasticity of product demands