For which of the following is demand most likely to be perfectly inelastic?
A)BMW automobiles
B)Coca-Cola
C)hot dogs
D)insulin
E)coffee

Question

Quizplus · Accepted Answer

Insulin is a necessity for those with diabetes, and there are limited substitutes for it. As a result, demand for insulin is unlikely to change significantly even if there is a large increase in price, making it a good candidate for perfect inelasticity.

For Which of the Following Is Demand Most Likely to Be