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In Placing a Tire Order with Michelin, South Side Industrial

Question 29

Multiple Choice

In placing a tire order with Michelin, South Side Industrial Supply finds that the truck tires it is ordering have increased $37.50 in price since the last order. South Side 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

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