Our Premium and Ultimate plans guarantee up to 90+ points score increase or your money back.
We cover every section of the GMAT with in-depth lessons, 5000+ practice questions and realistic practice tests.
Study whenever and wherever you want with our iOS and Android mobile apps.
Adaptive learning technology focuses on your academic weaknesses.
What may be inferred about items such as bread, water or medication?
While the demand for all three products is similarly inelastic, nothing in the passage indicates that the same level of demand exists for all three.
Since the demand is inelastic, a seller could theoretically charge any price and still sell these products.
An inelastic product can cost any amount without affecting the demand for that product. This means that demand, not price, remains the same.
The passage suggests nothing about the prices of these items in the Middle Ages.
An inelastic product can cost any amount without affecting the demand for that product. This means that demand remains the same.