If the Demand for a Life-Saving Drug Was Perfectly Inelastic

question 1

Multiple Choice

If the demand for a life-saving drug was perfectly inelastic and the price doubled, the quantity demanded would

• A)also double.
• B)decrease by 50%.
• C)be cut in half.
• D)remain constant.

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Definitions:

Alexander Cairns-Smith

A scientist known for his "clay hypothesis" proposing that complex organic molecules could have evolved from clay minerals.

Pathogenic Bacteria

Microorganisms that can cause disease in their host.

Streptococcus

A genus of coccus-shaped bacteria, some species of which are responsible for strep throat, scarlet fever, and other infections.

E. coli

A common bacterium found in the intestines of humans and animals that can cause food poisoning when consumed in contaminated food.