Which of the following is more likely be the price elasticity of demand for anti-venom?
A)highly inelastic
B)unit elastic
C)elastic
D)perfectly elastic

Name: Which of the following is more likely be the price elasticity of demand for anti-venom? A)highly inelastic B)unit elastic C)elastic D)perfectly elastic
Brand: Quizplus
Rating: 4.9 (27 reviews)

Question

Which of the following is more likely be the price elasticity of demand for anti-venom?
A)highly inelastic 
B)unit elastic 
C)elastic 
D)perfectly elastic

Quizplus · Accepted Answer

Anti-venom is a life-saving drug with no close substitutes, making its demand highly inelastic as consumers will purchase it regardless of price changes.

Which of the Following Is More Likely Be the Price