Solved UPSC CDS/OTA Question
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Q · Demand and SupplyMedium · 45s
Which is an example of perfectly inelastic demand?
TopicDemand and Supply
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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People buy life-saving drugs irrespective of price.
Final Answer: Option B - Life-saving medicine