Business, 27.09.2019 19:30, annyarias3563

Inelastic demand is a situation in which:

a. an increase or a decrease in price does not significantly affect the demand for a product.

b. prices are adjusted over time to maximize a company's revenues.

c. demand is created for new products by aggressive brand awareness campaigns.

d. consumers' demand is sensitive to price changes.

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Inelastic demand is a situation in which:

a. an increase or a decrease in price does no...