3 ms·
Medicines typically have inelastic demand, which is why it needs heavy government regulation. Look into what happened with Insulin prices in the US in the rece
by surgical_fire 7mo ago
Medicines typically have inelastic demand, which is why it needs heavy government regulation.
Look into what happened with Insulin prices in the US in the recent past for a lesson on that.
- graemep 7mo agoIf demand is inelastic why have they not raised prices already?