When a Product Has ________ Demand, an Increase or Decrease

question 146

Multiple Choice

When a product has ________ demand, an increase or decrease in the price of the product has little or no effect on the demand for the product.

• A) elastic
• B) joint
• C) derived
• D) inelastic
• E) fixed

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Definitions:

Meeting Originator

The individual who initiates or calls for a meeting, usually responsible for setting the agenda.

Change

The act or process of making something different, often to improve or adapt it to new conditions.

Delete

The act of removing or erasing data, text, files, or other digital content.

Small Banner

A compact advertising or promotional graphic displayed on websites or within software applications.