CTS Industries provides laser engraved rollers for photogravure printers that print everything from posters to newspapers to potato chip bags to drink cans. The engraved roller is responsible for making sure the exact amount of ink needed is inked onto the surface being printed. An 8 percent increase in the price of the rollers will have no effect on demand for the rollers because advertising and packaging materials will still need to be printed. Demand for the CTS rollers is:

Question

Quizplus · Accepted Answer

The demand for CTS rollers is inelastic because an increase in price does not affect the demand, indicating that customers will continue to purchase the rollers despite the price change.

CTS Industries Provides Laser Engraved Rollers for Photogravure Printers That