A seller of kitchen furniture cuts the price of a slow-selling line of chairs by 50%. Demand for the product then rises by 25%. Is the demand for that product elastic or inelastic? Inelastic Neither Elastic Question 8 1 pts As a result of a major war between the US and Ukraine, international tensions rise and some supply chains are interrupted. As a result of anxious investors and speculators moving their money into the US as a "safe haven" for their funds, the US dollar rises in value against other currencies. You are a US manufacturer which builds most of its products in the US itself. A major source of company revenues is exports to other countries, principally Mexico and Canada. Does the strengthening of the US dollar help or hurt the company's sales by affecting the prices of the goods the company sells in its export markets? No major effect one way or the other Helps, by raising prices Hurts, by raising prices Hurts, by lowering prices Helps, by lowering prices