Regarding business products:
A) The demand for consumer products is derived from the demand for business products.
B) Total industry demand is fairly elastic.
C) Demand facing individual sellers is always inelastic.
D) Tax treatments of business products have no importance to business customers.
E) The demand for business products is derived from the demand for consumer products.

Question

Quizplus · Accepted Answer

The demand for business products is derived from the demand for consumer products, as businesses typically buy products and services to create or improve their own offerings for consumers.

Regarding Business Products