Economy, asked by jazz181821, 2 months ago

If demand for drugs is inelastic, then changes in the supply curve through interdiction efforts will only slightly

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Answered by xxsilentkillerxx14
1

Elastic demend or supply curves indicate that the quantity demanded or supplied responds to price changes in a greater than proportional manner. An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied.

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