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by whatshisface
2437 days ago
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>The demand for these drugs is almost completely inelastic, as it is driven by the statistical incidence of the underlying medical conditions. There are many drugs for which this condition is weakened. Firstly, there are drugs for illnesses that could go untreated. Secondly, there are drugs which have alternatives. In these cases the demand is elastic. Not every drug is uniquely lifesaving with 100% efficacy, in fact a tiny minority are. |
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