Question Which statement best describes a product that is considered inelastic? Responses a The product is imported by foreign companies. b The product is made of stretchy material. c The demand for the

Question

Which statement best describes a product that is considered inelastic?
Responses

a The product is imported by foreign companies.

b The product is made of stretchy material.

c The demand for the product is not affected by an increase in price.

d The demand for the product is affected by an increase in price.

1 Answer

Question Which statement best describes a product that is considered inelastic? Responses a The product is imported by foreign companies. b The product is made of stretchy mater…

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