Question

In business markets with inelastic demand​ ________.
a. the total demand for products is not much affected by​ short-term price changes
b. derived demand is absent
c. buyers are highly sensitive to price changes
d. a business purchase usually does not involve a professional purchasing effort
e. a business purchase usually involves less decision participants

Answer 1

The inelastic demand in the business market will likely result in letter a, because the total demand of the products in the business market will not be likely affected if there is a price changes that will only occur in a short time because it is in inelastic demand.