If a product has an inelastic demand, then
a. demand shifts to the right for an inferior product.
b. the quantity demanded at any price will decrease.
c. the demand for substitute products will decrease.
d. consumers will move toward a new equilibrium in the quantities of products purchased.
e. the marginal utility of normal products will increase.
Answers: 1
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If a product has an inelastic demand, then
a. demand shifts to the right for an inferior product....
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