In the context of factors that affect elasticity, when there is no substitute available in the market for a certain essential product, the demand will be
a. inelastic as consumers will pay whatever is charged for the product.
b. inelastic if the product has a number of different uses.
c. solely determined by the quality of the product supplied in the market.
d. elastic as the price of the product will remain unchanged.
Answer: a. inelastic as consumers will pay whatever is charged for the product.