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Why food has inelastic demand?

Anonymous

∙ 12y ago

Updated: 10/26/2022

Because food is anecessity people will always have to eat something in order to survive in this planet. not many substitute andperishability

Wiki User

∙ 12y ago

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Is the price and demand for junk food elastic or inelastic?

elastic

Is price elasticity of demand considered elastic or inelastic with food?

price elasticity of food would be inelastic, as there are no substitutes and food is a necessity.

What type of demand does salt and television and food grains have?

I would say that salt and food grains have an inelastic demand and television has an elastic demand.

List two types of goods that are inelastic in demand?

Food and Energy

Demand and its types?

Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.

Related Questions

Is the price and demand for junk food elastic or inelastic?

elastic

Is price elasticity of demand considered elastic or inelastic with food?

price elasticity of food would be inelastic, as there are no substitutes and food is a necessity.

What type of demand does salt and television and food grains have?

I would say that salt and food grains have an inelastic demand and television has an elastic demand.

List two types of goods that are inelastic in demand?

Food and Energy

Demand and its types?

Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.

Is the demand for insulin perfectly inelastic?

No, the demand for insulin is not perfectly inelastic.

Difference between elastic and inelastic demand?

difference between elastic and inelastic demand

Different degrees of elasticity of demand?

Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.

What are examples of five products whose demand is price elastic and five products whose demand is price inelastic?

narcotics, food, gas

What is the fiscal policy?

What is inelastic demand

What are the different types of demands?

Inelastic Demand & Elastic Demand

When a change in price does not lead to changes in demand the demand is called?

inelastic demand

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