A2Z Pharmaceuticals produces insulin,a product with a very stable demand,even though the price has changed several times in the past two years.Insulin is a product with ________ demand.

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Insulin has inelastic demand, meaning that changes in price have little effect on the quantity demanded by consumers. This is because insulin is a necessary medication for individuals with diabetes, and they are willing to pay a higher price to ensure they have access to it. Therefore, the demand for insulin remains stable despite changes in price.

A2Z Pharmaceuticals Produces Insulin,a Product with a Very Stable Demand,even