Business-to-business demand is said to be relatively inelastic.This means that _________.

Question

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Business-to-business demand being relatively inelastic means that changes in demand are not significantly affected by the price. This is because businesses often have specific needs for goods and services in order to operate, and they may be willing to pay a higher price to ensure that they have access to those necessities. As a result, increasing or decreasing the price of a good or service may not have a big impact on the quantity of goods or services that businesses need to purchase.

Business-To-Business Demand Is Said to Be Relatively Inelastic