In Business Markets with Inelastic Demand ________

question 46

Multiple Choice

In business markets with inelastic demand ________.

• A) the total demand for products is not much affected by short-term price changes
• B) buyers are highly sensitive to price changes
• C) derived demand is absent
• D) a business purchase usually involves fewer decision participants
• E) a business purchase usually does not involve a professional purchasing effort

---

Definitions:

Opening Statement

The initial remarks in a debate, trial, or speech that outline the upcoming points and set the stage for the argument or discussion.

Career Summary

A concise overview of a person's professional background, achievements, and skills, usually found at the top of a resume.

Claim

A statement asserting something to be true, often without providing evidence as proof but typically requiring justification or validation.

Settlement

The resolution or agreement reached between parties in a dispute, often involving the payment or receipt of money without going to trial.