Question

An addict's demand curve for heroin is likely to be

a. highly inelastic
b. unit elastic
c. nearly horizontal
d. highly elastic
e. somewhat elastic

Answer 1

The closest match I found

Answer 2

thank you

Answer 3

Creative question lol

An addict would do ANYTHING for heroin, he/she would DIE for it. There are no substitutes, he/she is not willing to try something else. They would even break the law and buy heroin for any price. Highly inelastic or elastic?

Answer 4

Based on that source I can say it's pretty elastic.

Answer 5

id say elastic as well

Answer 6

Eh I was rather shooting for inelastic;

Typically drugs are inelastic, if not perfectly inelastic. There are no adequate substitues available, and to an addict, the good is a necessity. Moreover, considering the physiological symptoms of withdrawal and not having enough of the drug, the purchase cannot be delayed.

Also by the link @kittybasil said, the " price elasticity of demand for heroin based on the experimental data, which we find to be small: approximately −0.07." When the absolute value of the price elasticity of demand is less than 1, it is inelastic, and since this is close to 0, it is very inelastic

Answer 7

:(

Answer 8

thank you so much @justjm <3

Answer 9

It's inelastic