Multiple Choice
You recently raised your prices on the products you sell to your business customers. To your surprise, these customers did not change the amount of units they purchase from you. It was as if the price increase did not matter to these customers. Which of the following types of business demand most accurately describes this situation?
A) Constant demand
B) Inelastic demand
C) Joint demand
D) Elastic demand
E) Derived demand
Correct Answer:
Verified
Correct Answer:
Verified
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