Question

In economics, if a good is inelastic,
A) its supply or demand is not sensitive to price changes.
B) consumers have lost an interest in purchasing it.
C) producers have lost an interest in manufacturing it.
D) its supply or demand is too sensitive to price changes.

Answer 1

In economics, if a good is inelastic,
A) its supply or demand is not sensitive to price changes.
B) consumers have lost an interest in purchasing it.
C) producers have lost an interest in manufacturing it.
D) its supply or demand is too sensitive to price changes.

=> Option C

Explanation:

In economics, if a good is inelastic,producers have lost an interest in manufacturing it.