The demand for insulin is considered inelastic, meaning that changes in price do not significantly affect the quantity demanded.
No, the demand for insulin is not perfectly inelastic.
elastic
The midpoint between elastic and inelastic is unit elastic
is soap elastic or inelastic supply
The demand for insulin is considered inelastic, meaning that changes in price do not significantly affect the quantity demanded.
No, the demand for insulin is not perfectly inelastic.
elastic
The midpoint between elastic and inelastic is unit elastic
is soap elastic or inelastic supply
elastic
Inelastic
just check momentum before and after and if they're the same then elastic if not then inelastic.
difference between elastic and inelastic demand
elastic
Highly elastic.
elastic