The purchasing officer for a major hospital has been informed that the price of hypodermic needles has increased by almost 20 per cent. He orders a new supply anyway because he knows he can pass the increase on to his patients. This is an example of business products having which type of demand?
A) inelastic demand
B) elastic demand
C) fluctuating demand
D) routine demand
E) derived demand

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The Answer of The purchasing officer for a major hospital has been informed that the price of hypodermic needles has increased by almost 20 per cent. He orders a new supply anyway because he knows he can pass the increase on to his patients. This is an example of business products having which type of demand?
A) inelastic demand
B) elastic demand
C) fluctuating demand
D) routine demand
E) derived demand

The Purchasing Officer for a Major Hospital Has Been Informed