question archive What makes demand curves elastic or inelastic? The demand for aspirin at currently prevailing prices seems to be highly inelastic
What makes demand curves elastic or inelastic? The demand for aspirin at currently prevailing prices seems to be highly inelastic
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What makes demand curves elastic or inelastic?
The demand for aspirin at currently prevailing prices seems to be highly inelastic. What do you think would happen to the elasticity of demand if the price of aspirin relative to everything else were five times as high? Why?
Is the demand for prescription drugs elastic or inelastic? Why?
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