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.

Answered by Daniel B. Economics tutor

11353 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What factors cause the shifts and movements of the demand curve?


What is demand pull inflation?


Which factors affect supply and demand?


Define a monopoly and explain its positive and negative impacts on the economy.


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences