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Describe the inelastic demand and fluctuating demand in business market and the consumer market.
Inelastic Demand:
The demand for several business goods and services is inelastic, implies fluctuations into prices of product will not considerably affect the demand for product within business market. This demand means a change within price will cause an opposite change into demand within consumer market.
Fluctuating Demand:
The demand for several business good and services targets to be additionally volatile than the demand for consumer and goods services.
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A negative reaction on the part of buyer to price change by your company
x + 3y + z = 10 2x + y - z = 1 3x - 2y - 8z = -3
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#ques1. “Consumer mind is a Black Box” –Discusstion..
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