2 ms·
Medicine is the textbook example of perfectly inelastic demand.
by josu 3y ago
Medicine is the textbook example of perfectly inelastic demand.
- bootsmann 3y agoIts not at all, customers can still use substitute products (which is what generics are in the first place). If demand was perfectly inelastic we would not be having the problem of generics manufacturers having to close down because their margins are too thin.