means that it usually does not matter if the price of a business- to- business product goes up or down; the business customer will still buy the same quantity.

Question

Quizplus · Accepted Answer

Inelastic demand refers to a situation where the quantity demanded by customers does not change significantly with a change in price. This is often the case with business-to-business products, where the purchasing business needs the product regardless of price fluctuations.

Means That It Usually Does Not Matter If the Price