Consider two products: a life-saving prescription drug with no available substitutes and a specific brand of gourmet coffee. If the price of both products increases by 15%, which of the following outcomes is most likely to occur based on the principles of demand responsiveness?
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Consider two products: a life-saving prescription drug with no available substitutes and a specific brand of gourmet coffee. If the price of both products increases by 15%, which of the following outcomes is most likely to occur based on the principles of demand responsiveness?
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