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What is price elasticity of demand for life saving drugs? - Economic Applications

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प्रश्न

What is price elasticity of demand for life saving drugs?

एक पंक्ति में उत्तर

उत्तर

Life saving drugs are necessities. There can be no change in the quantity demanded due to change in their price. That is, Ed = 0. Life saving drugs have a perfectly inelastic demand.

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Degrees of Elasticity of Demand
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अध्याय 2: Elasticity of Demand - QUESTION BANK [पृष्ठ ४५]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 2 Elasticity of Demand
QUESTION BANK | Q 10. | पृष्ठ ४५
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