in economics, if a good is inelastic, consumers have lost an interest in purchasing it. producers have lost…

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

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

Answer

Brief Explanations:

In economics, price - inelastic goods have demand or supply that doesn't change much with price fluctuations. It's not about consumers' or producers' interest, and inelasticity means insensitivity to price changes.

Answer:

D. its supply or demand is not sensitive to price changes.