Question: How is Inelastic defined? Reductions will not dramatically increase the demand for transportation because transportation cost is estimated at 4 . 5 % of a

How is Inelastic defined?
Reductions will not dramatically increase the demand for transportation because transportation cost is estimated at 4.5% of a product's landing cost.
Increases will not dramatically reduce the demand for transportation because transportation cost is estimated at 4% of a product's landing cost
Reductions will not dramatically increase the demand for transportation because transportation cost is estimated at 4% of a product's landing cost
Increases will not dramatically reduce the demand for transportation because transportation cost is estimated at 4.5% of a product's landing cost
How is Inelastic defined? Reductions will not dramatically increase the demand

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