The Pure Drug Company produces insulin, a product with a very stable demand. Even though the price changed several times in the

Question

3 years ago

8

The Pure Drug Company produces insulin, a product with a very stable demand. Even though the price changed several times in the

past two years, the demand for Pure Drug's insulin remained relatively unaffected. In this instance, the demand for insulin is representative of ________ demand.

Social Studies

1 answer:

Marina86 [1] · Answer 1 · 2022-07-12T07:05:03+03:00

Marina86 [1]3 years ago

4 0

Answer:

Perfectly Inelastic Demand

Explanation:

The demand for this kind of product does not change irrespective of any changes in price because it is an import commodity