The demand for a new effective drug for the cure of AIDS would most likely be
A)elastic.
B)unit elastic.
C)perfectly elastic.
D)highly inelastic.

Question

Quizplus · Accepted Answer

The demand for a new effective drug for the cure of AIDS would most likely be highly inelastic because patients in need of the drug would be willing to pay almost any price to obtain it, indicating that changes in price would have little effect on the quantity demanded.

The Demand for a New Effective Drug for the Cure