Is price elasticity of demand for insulin relatively elastic, Microeconomics

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Is price elasticity of demand for insulin relatively elastic

Assignment Task: High Price of Insulin

Read Article: Insulin's High Cost Leads to Lethal Rationing written By Bram Sable-Smith

1. Based on what you learned from the link above, is the price elasticity of demand for insulin relatively elastic, inelastic, or unitary? Why? Explain using the things that determine elasticity.

2. How do we know, based on the article, that insulin is not a "need" according to the economic definition (hint: a need has a price elasticity of demand = 0)?

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