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:

Endocrine System

A collection of glands that produce hormones to regulate metabolism, growth and development, tissue function, and mood among other things.

Neurotransmitters

Chemical messengers in the brain that transmit signals across synapses from one neuron to another, influencing various functions including mood and behavior.

Misbehavior

Actions or conduct that are inappropriate or violate expected rules and norms within a given context.