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

12685 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Which one of the following is the most likely consequence of an increase in the division of labour in the production of smartphones?


Explain the meaning of the term ‘externality’ and give an example of one that is negative.


What is meant by the different sectors of economies?


What is the difference between the long run and short run Phillips curves?


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