A life saving medicine without any close sustitutes will tend to have a.A small elasticity of demand b.A large elasticity of demand c.A small elasticity of supply d.A large elasticity of supply.To determine demand elasticity and sustitute.

Principles of Economics, 7th Edition (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter5: Elastic And Its Application
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Problem 1QCMC: A life-saving medicine without any close substitutes will tend to have a. a small elasticity of...
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A life saving medicine without any close sustitutes will tend to have

a.A small elasticity of demand

b.A large elasticity of demand

c.A small elasticity of supply

d.A large elasticity of supply.To determine demand elasticity and sustitute.

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