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Printers manufactured by companies such as Canon and HP require specially made ink cartridges to be used inside the printer. Suppose you have bought a

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Printers manufactured by companies such as Canon and HP require specially made ink cartridges to be used inside the printer. Suppose you have bought a Canon Printer and the only inks that function with your printer are Canon Ink cartridges. In an effort to increase revenue, Canon has increased the price of their printer ink cartridges today. Select the item from the list provided to make the following statements true. A lack of substitutes for printer ink in your Canon Printer could 1. budget lead to for Canon Ink Cartridges being inelastic. 2. 3. greater If printer inks are a large percentage of your your 4 0.18 demand for Canon ink would be more elastic. 5. necessary - If you need to print out an assignment today (assuming you 6. increase can only use your Canon Printer), a short since 7. luxury the price change would lead to demand being more inelastic. 8. 0 9. decrease 10. time 11. substitute 12. demand

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