Inelastic demand in business markets refers to a situation where
A. demand for a given product fluctuates very little over time.
B. price increases or decreases will not significantly change demand for a given product.
C. demand for a given product fluctuates significantly over time.
D. demand for one product depends heavily on the demand for another product.
E. supply for a given product cannot keep pace with the demand for it.
Answer: B
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