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    Economics An Introduction
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    Exam 27: Simple Analytics of Supply and Demand
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    Since There Is No Substitute for Insulin, We Would Expect
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Since There Is No Substitute for Insulin, We Would Expect

Question 44

Question 44

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:

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