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

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Definitions:

Antipsychotic Drugs

Medications primarily used to manage psychosis, including hallucinations, delusions, and disorders like schizophrenia.

Opioid Analgesic

A class of drugs that are used to reduce pain, which work by binding to opioid receptors in the brain.

Mescaline

A psychedelic alkaloid of the phenethylamine class, known for its hallucinogenic effects on humans, primarily found in the peyote cactus.

Heroin

An opioid drug derived from morphine, highly addictive and illegal in many countries, used for its euphoric effects.