Price inelasticity is when ________ while price elasticity is when ________.

A. Consumers buy a product regardless of cost; the supply/demand curve is followed
B. Prices cannot be negotiated; consumers can negotiate a price
C. The supply/demand curve is followed; consumers buy a product regardless of cost
D. Prices change frequently; prices are relatively stable
E. Consumers can negotiate a price; prices cannot be negotiated


Answer: A

Environmental & Atmospheric Sciences

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