The total demand for many business goods and services is not much affected by price changes. Thus, this demand is ________.
A) derived
B) fluctuating
C) inelastic
D) accelerated
E) multiple

Question

Quizplus · Accepted Answer

The characteristic of demand mentioned in the question - that it is not much affected by price changes - indicates that the demand is inelastic. Choice A - 'derived' - is not related to the given characteristic of demand. Choice B - 'fluctuating' - implies that demand changes frequently, which is not the case here. Choice D - 'accelerated' - is not a term used to describe demand elasticity. Choice E - 'multiple' - is not a relevant term in this context.

The Total Demand for Many Business Goods and Services Is