Which of the following is usually NOT true about business products?
A) The demand curve for a particular industry is usually inelastic.
B) Demand for consumer products is derived from business products.
C) The demand curve for individual sellers may be extremely elastic.
D) Each business product may be only a small part of the cost of a final product.
E) None of these, i.e., all ARE true.

Question

Quizplus · Accepted Answer

Demand for business products is derived from consumer products, not the other way around. Business products are used as inputs for producing consumer products.

Which of the Following Is Usually NOT True About Business