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The demand for pepper is inelastic because it is considered a staple spice used in various cuisines worldwide, making it a necessity for many consumers. Additionally, there are few close substitutes that can replicate its unique flavor and culinary versatility. Even with price increases, consumers are likely to continue purchasing similar quantities, as they perceive pepper as essential for enhancing food. Lastly, its relatively low cost compared to overall food expenses means that price changes do not significantly impact consumer purchasing behavior.
What else can I help you with?
Demand and its types?
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
What products have inelastic supply and inelastic demand?
Caffeine from coffees and teas. The caffeine is an inelastic supply because there arent many substitutes for caffeine. --Wayne Also products like salt and pepper are inelastic because people can consume only so much of them. --Danny R.
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.
Is the price and demand for junk food elastic or inelastic?
elastic
What is the fiscal policy?
What is inelastic demand
What are the different types of demands?
Inelastic Demand & Elastic 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.
When a change in price does not lead to changes in demand the demand is called?
inelastic demand
If the elasticity equals 0 is demand perfectly elastic or perfectly inelastic?
it is perfectly inelastic
An elasticity measure less than one means that demand is what?
for elasticity less than one the demand will be inelastic, i.e there will be very less effect of price on the demand.It will be relative inelastic or inelastic.
