Which of the following statements is false?
A) Industry demand tends to be price inelastic in business markets.
B) Demand in business markets fluctuates much more than demand in consumer markets.
C) Demand in business markets is independent of demand in consumer markets.
D) Joint demand exists when two components are used together in the production of another product.
E) Demand in business markets is derived from demand in consumer markets.
Correct Answer:
Verified
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