To settle the dispute, you need to ensure that both owners understand the primary differences between consumer transactions and business transactions. As you work on your explanation, you reflect on the characteristics that make business transactions different than consumer transactions. How would you describe the demand for business products?

Inelastic

Explanation:

Business products refers to the type of products that is sold in order to be used for other business establishment.

Examples: Machineries, Office Spaces, Accounting software.

Business products tend to be needed regardless of what type of industry you're in and the provider for business products tend to be really limited. Because of this, the buyers for business products tend to remain stagnant even if the price of the products increased.

This is why most business products tend to have inelastic demand.