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If Makers of Snake Anti-Venom Implement Significant Price Increases, It

Question 53

Multiple Choice

If makers of snake anti-venom implement significant price increases, it is unlikely to significantly affect the use of anti-venom for treating poisonous snakebites. What term accurately describes the demand for anti-venom among users?


A) unit elastic
B) unit inelastic
C) elastic
D) inelastic

Correct Answer:

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