Consider the following products.Which of them has the flattest demand curve?
A) insulin
B) alcohol
C) cigarettes
D) butter

Question

Quizplus · Accepted Answer

Butter is a common product that has a relatively flat demand curve. This means that changes in price have only a minor impact on the quantity demanded. Insulin, on the other hand, has a much steeper demand curve, as it is a necessary medication for those with diabetes. Alcohol and cigarettes are also known to have relatively inelastic demand, but they still have steeper curves than butter.

Consider the Following Products