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When the Price of Insulin Was $10,consumers Demanded 100 Units;when

Question 24

Multiple Choice

When the price of insulin was $10,consumers demanded 100 units;when the price was $15,consumers demanded 100 units;and when the price was $20,consumers demanded 100 units.Based on this information,insulin must have a(n) _______ demand curve.


A) unitary elastic
B) perfectly elastic
C) perfectly inelastic
D) elastic

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