Why Might the Demand for Business Products Be Inelastic,while the Demand

question 108

Multiple Choice

Why might the demand for business products be inelastic,while the demand facing individual sellers of those products is extremely elastic?

• A)because total demand for business products often exceeds supply
• B)because most business producers use haggling in their buying
• C)because the demand for business products is derived,and some industries have many sellers of essentially homogeneous products
• D)because the industry demand is rising
• E)None of these answers is correct.

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Definitions:

Counseling Psychologist

A professional who helps individuals, families, and groups improve their well-being, alleviate distress, and resolve crises through psychological methods.

Direct Treatment

A type of medical or psychological intervention that is aimed specifically at addressing the underlying cause of a disease or disorder, rather than just treating the symptoms.

Obsessive-Compulsive Disorder

A mental disorder characterized by unwanted, persistent thoughts (obsessions) and repetitive behaviors (compulsions) that an individual feels driven to perform.

Exposure and Response Prevention

A behavioral therapy technique often used for treating obsessive-compulsive disorder, involving exposure to the source of fear and refraining from the compulsive behavior that typically follows.