Explain why the demand for food is relatively price inelastic

Food is a nessecity, there will always be demand for food. There are no substitutes and therefore, a change in price will not cause a change in demand. Thus the market is relatively price inelastic with a near vertical demand curve.

DB
Answered by Daniel B. Economics tutor

12800 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What is the impact of an increase in interest rates?


Explain how a monopoly affects competition in a market


What conditions allow a firm to sell the same product at different prices?


Evaluate the use monetary policy to aid the economy's recovery just after a recession.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning