When certain consumer products are in high demand, producers might buy extra materials and equipment and when demand subsides, producers will cut back on their material purchases. This describes ____ demand.
A) joint
B) inelastic
C) consumer
D) fluctuating
E) elastic

Question

Quizplus · Accepted Answer

The term "fluctuating" best describes this type of demand, as it refers to a pattern of varying demand over time based on changing consumer preferences or economic conditions. The other answer options (joint, inelastic, consumer, elastic) do not accurately capture this concept.

When Certain Consumer Products Are in High Demand, Producers Might