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

12762 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Explain why house prices fell during the 2008 financial crisis.


Why is the demand for food relatively price inelastic?


What are the advantages and disadvantages of globalisation? (6)


Why might the Bank of England raise the bank rate if inflation rises above 2%?


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