Sentences with PERFECTLY-INELASTIC-DEMAND
Check out our example sentences below to help you understand the context.Sentences
1
"In a perfectly inelastic demand scenario, consumers are willing to pay any price for a life-saving drug."
2
"Even if gasoline prices soar, people with cars still need to buy fuel, showcasing a perfectly inelastic demand."
3
"In a perfectly inelastic demand situation, a price increase does not affect the quantity demanded."
4
"In a perfectly inelastic demand curve, the price elasticity of demand is zero."
5
"In a perfectly inelastic demand scenario, a producer can increase prices without reducing the quantity demanded."
1
"The demand for insulin is a classic example of perfectly inelastic demand."
2
"Luxury goods often exhibit perfectly inelastic demand, as consumers will still purchase them regardless of changes in price."
3
"Medications for life-threatening conditions tend to have a perfectly inelastic demand."
4
"Basic necessities like water and electricity have a perfectly inelastic demand, as people will pay whatever price is necessary to obtain them."
5
"Certain addictive substances can have a perfectly inelastic demand, as consumers are willing to pay high prices to satisfy their addiction."
6
"Some rare collectibles have a perfectly inelastic demand, as enthusiasts are willing to pay exorbitant prices to add them to their collections."
7
"Certain specialized medical procedures have perfectly inelastic demand, as patients have limited alternatives and must obtain the service regardless of price."
