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OlgaM077 [116]
3 years ago
15

if the demand for a product is inelastic, which of these statements must be true? a)people will not buy any of the product when

the price goes up. b)a price increase does not have a significant impact on buying habits. c)customers are sensitive to the price of the product. d)there are very few satisfactory substitutes for the product.
Business
2 answers:
Oksana_A [137]3 years ago
6 0

Answer: the correct answer is b

Explanation:

Vanyuwa [196]3 years ago
3 0
The statement that must be true about the demand for a product if it is inelastic is that, a price increase does not have a significant impact on buying habits. The correct answer would be option B. When the demand is inelastic, this situation means that the demand for a product does not decrease nor increase in corresponds to the rise or fall of its price.
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The New York Stock Exchange (NYSE) originated as: a financial market where nearly 100 million shares of stock are traded every b
ivanzaharov [21]

Answer:

The answer is: A) A financial market, where nearly 100 million shares of stocks are traded every business day.

Explanation:

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4 0
4 years ago
The b2b market includes:____.
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Manufacturers and governmental organizations are included in the b2b market.

<h3>What does "B2B marketing" mean?</h3>

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brainly.com/question/27247468

#SPJ4

3 0
2 years ago
Select the items that describe what happens at the equilibrium price. Producers supply the exact goods that consumers buy. Consu
Mekhanik [1.2K]

The items that describes what happens at the equilibrium price are:


Producers supply the exact goods that consumers buy.

Consumers have enough goods, at the given price.

Producers used their resources efficiently.

Equilibrium pricing is when the items demanded match the items supplied. When this happens, the demand and good available equal each other, hence, equilibrium. The pricing is exactly where it should be for consumers to want and purchase the good or service.

6 0
4 years ago
Read 2 more answers
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