If Makers of Snake Anti-Venom Implement Significant Price Increases, It

question 43

Multiple Choice

If makers of snake anti-venom implement significant price increases, it is unlikely to significantly affect the use of anti-venom for treating poisonous snakebites. The demand for anti-venom is:

• A)​elastic.
• B)​inelastic.
• C)​unit elastic.
• D)​unit inelastic.

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Definitions:

Trigeminal

Relating to the trigeminal nerve, which is the fifth cranial nerve responsible for sensory perception in the face and motor functions such as biting and chewing.

Sensory Function

The ability of the body to process and respond to visual, auditory, olfactory, gustatory, and tactile stimuli.

Diabetes

A chronic health condition where the body cannot properly process glucose, often due to insufficient insulin production or resistance to insulin.

Hypertension

A chronic medical condition where the blood pressure in the arteries is persistently elevated, often leading to significant health risks.