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What else can I help you with?
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 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.
Give two reasons why the demand for salt is inelastic?
The demand for salt is inelastic primarily because it is a necessity for cooking and food preservation, meaning consumers will continue to purchase it regardless of price changes. Additionally, there are few close substitutes for salt in its primary uses, which further contributes to its inelastic demand.
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
Is the demand for insulin elastic or inelastic?
The demand for insulin is considered inelastic, meaning that changes in price do not significantly affect the quantity demanded.
