Demand in B2B markets is mostly ________ because what a firm sells is often just one of the many parts or materials that go into producing the consumer product.

Question

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In B2B markets, demand is usually inelastic because the product being sold is often just one of the many components that go into producing the final consumer product. As a result, the buyer needs that specific input and cannot easily switch to a substitute product or supplier.

Demand in B2B Markets Is Mostly ________ Because What a Firm