Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
They are making the assumption that demand is constant because the product is a necessity (such as with something like insulin). Profit at higher volume and lower prices only happens with products with elastic demand.
They are making the assumption that demand is constant because the product is a necessity (such as with something like insulin). Profit at higher volume and lower prices only happens with products with elastic demand.