0

Subjects>Business>Economics

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

What else can I help you with?

Continue Learning about Economics

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

Trending Questions

How is the government is both a consumer and a producer and give one example of the government playing each role? What is the most direct result of free trade supplying productive resources to areas where they're most needed? Who viewed 'managers are motivated by their self interest and they maximise their utility function'? How much was 600 English pounds worth in 1955? What are tariffs How do they impact the economy? What statement describes the role of agriculture in the Italian economy today? How did most Russian citizens make a living in the early 1900s? What currency is worth more in the world? Why do people come to different decisions using a cost benefit analysis even under the same conditions? What goals does the government pursue in a socialist economy? Difference between a demand schedule and demand curve? What is the impact of the Globalization in todays world? What is the economic impact of nuclear energy? Why does the marginal rate of substitution diminish? Where are there traditional economies? Why are pennies not good to keep? How much does an average nike shoe factory workers make? What is Suriname's economic system? What business contributed most to Andrew Carnegies ability to form a monopoly? What is the difference between purchasing power parity and exchange rate, and how do they impact international trade and economic stability?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.