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Distinguish between elastic and inelastic demand?
An example of perfectly inelastic demand would be a life-saving drug that people will pay any price to obtain. Elastic demand is the opposite of this.
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
Demand and its types?
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
Is the demand for insulin perfectly inelastic?
No, the demand for insulin is not perfectly inelastic.
Different degrees of elasticity of demand?
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
Distinguish between elastic and inelastic demand?
An example of perfectly inelastic demand would be a life-saving drug that people will pay any price to obtain. Elastic demand is the opposite of this.
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
Demand and its types?
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
Is the demand for insulin perfectly inelastic?
No, the demand for insulin is not perfectly inelastic.
Difference between elastic and inelastic demand?
difference between elastic and inelastic demand
Different degrees of elasticity of demand?
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
Why is salt an example of inelastic demand?
Because it is a necessity to life, so it will be bought no matter the price.
Is the price and demand for junk food elastic or inelastic?
elastic
Inelastic demand curve?
Inelastic demand means a situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price. From the supplier's viewpoint, this is a highly desirable situation because price and total revenue are directly related; an increase in price increases total revenue despite a fall in the quantity demanded. An example of a product with inelastic demand is gasoline. Refer to link below.
Which is more inelastic soap or salt?
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What is the fiscal policy?
What is inelastic demand
What are the different types of demands?
Inelastic Demand & Elastic Demand
