demand for goods that although its price is increased , you still want to buy it
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
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
Inelastic Demand & Elastic Demand
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
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
What is inelastic demand
Inelastic Demand & Elastic Demand
inelastic demand
The demand for insulin is considered inelastic, meaning that changes in price do not significantly affect the quantity demanded.
it is perfectly inelastic
when price changes it is called inelastic demand and when quantity of demand change that is called elastic of demand.
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.