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    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 4: Subtleties of the Supply and Demand Model: Price Floors,price Ceilings,and Elasticity
  5. Question
    Because There Are Few Substitutes for Insulin,we Expect the Price
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Because There Are Few Substitutes for Insulin,we Expect the Price

Question 25

Question 25

True/False

Because there are few substitutes for insulin,we expect the price elasticity of demand for insulin to be fairly elastic.

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