For an addictive drug such as heroin, if the price of heroin increases, then
A) the quantity demanded never changes.
B) the quantity demanded will decrease by a relatively large amount.
C) the quantity demanded will actually increase.
D) the quantity demanded will decrease by a relatively small amount.

Question

Quizplus · Accepted Answer

Heroin is an addictive drug, which means it has inelastic demand. When the price increases, the quantity demanded decreases, but only by a relatively small amount because users are less sensitive to price changes.

For an Addictive Drug Such as Heroin, If the Price