In business markets with inelastic demand ________.
A) the total demand for products is not much affected by short-term price changes
B) buyers are highly sensitive to price changes
C) derived demand is absent
D) a business purchase usually involves fewer decision participants
E) a business purchase usually does not involve a professional purchasing effort

Question

Quizplus · Accepted Answer

In business markets with inelastic demand, the total demand for products is not much affected by short-term price changes, meaning that buyers are not highly sensitive to price changes.

In Business Markets with Inelastic Demand ________