Refer to Table 15.1. The sources of government funds for Arugula in 2012 total

If the marginal social cost of a television exceeds the marginal social benefit of a television, it would increase society's total surplus to decrease production of televisions

Indicate whether the statement is true or false

If the demand for a product is inelastic, which of these statements must be true?

(A) Customers are sensitive to the price of the product. (B) A price increase does not have a significant impact on buying habits. (C) There are very few satisfactory substitutes for the product. (D) People will not buy any of the product when the price goes up.