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Several students have mentioned life-saving medicines as being very inelastic. This means that people are willing to pay almost anything to get them. However, is
Several students have mentioned life-saving medicines as being very inelastic. This means that people are willing to pay almost anything to get them. However, is there anything on planet Earth that would be considered "perfectly inelastic"? This means that people will pay any price for that product or service? Why or why not
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