For which of the following products is the consumer's demand curve most likely to be vertical?
A)lobster, for a seafood lover
B)cars, for high school students
C)insulin, for a diabetic
D)compact disks, for a music lover
E)beef, for a food lover

Question

Quizplus · Accepted Answer

The consumer's demand curve for insulin is most likely to be vertical because a diabetic patient requires insulin to maintain their health and any change in price is unlikely to affect their demand for insulin.

For Which of the Following Products Is the Consumer's Demand