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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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