Demand and Supply · UPSC CDS/OTA · Question 23 of 30

Demand and Supply – Question 23

Step-by-step solution. Demand and Supply for UPSC CDS/OTA.

Topic
Demand and Supply
Subject
General Studies
Difficulty
Medium
Solve Time
45–60 sec

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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
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Demand and Supply Question 23 – UPSC CDS/OTA