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

11895 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What is the Marshall Lerner Condition?


Which factors affect supply and demand?


Define what market failure is and identify an example of market failure, explaining fully why it is a relevant example.


Why might expansionary demand side policies not always be effective in promoting economic growth?


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:

© 2025 by IXL Learning