_______ means that an increase or decrease in the price of the product will not significantly affect demand for the product.
a. Derived demand
b. Multiplied demand
c. Inelastic demand
d. Joint demand
Answer: c. Inelastic demand
_______ means that an increase or decrease in the price of the product will not significantly affect demand for the product.
a. Derived demand
b. Multiplied demand
c. Inelastic demand
d. Joint demand
Answer: c. Inelastic demand