Multiple Choice
In placing a tire order with Michelin, Jetland Industrial Supply finds that the truck tires it is ordering have increased $37.50 in price since the last order. Jetland proceeds with the order, confident that it can pass on the price increase to future customers. This is an example of business products having ____ demand.
A) derived
B) inelastic
C) joint
D) fluctuating
E) higher
Correct Answer:
Verified
Correct Answer:
Verified
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