Which of the following statements describes a perfectly inelastic demand ? A. The government is promoting generic drugs that are much cheaper. B. I prefer taking the subway to work rather than driving because of high fuel prices. C. A large number of youngsters buy roses from Colombian rose-growers before Valentine's Day. D. Walgreens does not find any change in the number of people buying chlorthalidone after a 7 percent rise in its price.
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Home » Business » Which of the following statements describes a perfectly inelastic demand ? A. The government is promoting generic drugs that are much cheaper. B. I prefer taking the subway to work rather than driving because of high fuel prices. C.