In order to continue to manufacture its product during local shortages, Company M purchased the necessary raw materials at an increased price. As a result, the cost of that product to Company M’s customers, primarily direct-to-consumer businesses, also increased, leading to a sharp decline in final sales of that product.
Which of the following conclusions about Company M’s negatively impacted business consumers is best supported by the passage?
【选项】
Demand for the product was not elastic enough to accommodate the new, higher price.
选项是否正确？