Figure 4.2

-In Figure 4.2, which demand curve is least likely to represent demand for high blood pressure medicine?
A) A
B) B
C) C
D) D
E) E

Question

Figure 4.2
 
-In Figure 4.2, which demand curve is least likely to represent demand for high blood pressure medicine?
A) A 
B) B 
C) C 
D) D 
E) E

Quizplus · Accepted Answer

High blood pressure medicine typically has an inelastic demand because it is a necessary good for those who need it, meaning consumers are less sensitive to price changes. Curve E, which is relatively flat, indicates a high elasticity of demand, suggesting that consumers would significantly change their quantity demanded with a change in price. This characteristic is less likely for high blood pressure medicine, making E the least likely choice.

Figure 4.2 -In Figure 4.2, Which Demand Curve Is Least Likely to Is