Multiple Choice
Since there is no substitute for insulin, we would expect the price elasticity of demand for insulin to be
A) elastic
B) inelastic
C) unit elastic
D) zero
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q39: Understand and describe what happens when a
Q40: Define and explain the basics of supply
Q41: Whats defention of terms:<br>-demand
Q42: Understand and describe what happens when a
Q43: Calculate and explain the use of income
Q45: Whats defention of terms:<br>-change in demand
Q46: Understand and describe what happens when a
Q47: Calculate and explain the use of income
Q48: Understand and describe what happens when a
Q49: Define and explain the basics of supply