Economy, asked by raj60754, 11 months ago

whether demand for medicine is elastic or inelastic ????

Answers

Answered by Avni2348

11

demand for medicine is inelastic

Answered by Anonymous

7

THE DEMAND FOR MEDICINES IS INELASTIC BECAUSE ANY CHANGE IN THE PRICE IS NOT ACCOMPANIED BY A CHANGE IN DEMAND. WHICH MEANS EVEN IF THERE IS INCREASE OR DECREASE IN PRICE THE CHANGE IS DEMAND REMAINS ZERO.

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