2 ms·
None of anything you said indicates demand elasticity. Healthcare is notably inelastic. Do people eat more 8x more paracetamol in the the Netherlands than in
by kube-system 2y ago
None of anything you said indicates demand elasticity.
Healthcare is notably inelastic. Do people eat more 8x more paracetamol in the the Netherlands than in Switzerland, because it's a better deal? No I suspect they both take it for pain when they have pain. That's demand inelasticity.
- misja111 2y agoDemand can also mean, willing to pay more for the same kind of product.