Advertising is a bunch of rich flakes in San Francisco that have awards ceremonies for themselves every few months and are paid millions of dollars to "brand" companies. It has never been proven that 10 million spent on branding can increase a companies value or profits even a dime. The flakes live ridiculously lavish lifestyles as they prance across the world on agency funded "creative retreats".
No, the demand for insulin is not perfectly inelastic.
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
elastic
The demand for insulin is considered inelastic, meaning that changes in price do not significantly affect the quantity demanded.
Inelastic Demand & Elastic Demand
Demand is the willingness and ability to buy goods or services, and it can be classified into several types based on usage, consumers, and purpose. for more:nsda.gov.bd/pages/static-pages/6922dfd0933eb65569e241df
No, the demand for insulin is not perfectly inelastic.
difference between elastic and inelastic demand
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
elastic
The demand for insulin is considered inelastic, meaning that changes in price do not significantly affect the quantity demanded.
What is inelastic demand
Inelastic Demand & Elastic Demand
inelastic demand
it is perfectly inelastic
for elasticity less than one the demand will be inelastic, i.e there will be very less effect of price on the demand.It will be relative inelastic or inelastic.
when price changes it is called inelastic demand and when quantity of demand change that is called elastic of demand.