shana continues to buy a necessary medicine even though prices for the medicine rise sharply. shana's behavior shows how

shana continues to buy a necessary medicine even though prices for the medicine rise sharply. shana's behavior shows how

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Shana's behavior of continuing to buy a necessary medicine despite a sharp increase in its price shows that the demand for necessities is inelastic. Inelastic demand means that consumers will continue to purchase a good or service even if the price rises significantly, because it is essential and has few or no substitutes. This contrasts with goods that have elastic demand, where a price increase would lead to a significant decrease in quantity demanded. Shana's case illustrates that necessary medicines are typically goods with inelastic demand.

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