Explain why food is price inelastic.

The price elasticity of a good measures the proportionate change in demand to an inital change in price. If a good is price inelastic it suggests that an increase in price leads to a less than proportionate change in demand. 

Food can be considered a neccessity since it is neccessary for human survival; there are no substitutes for sustaining life. This means that food can be considered price inelastic since an increase in price will not lead to a significant drop in demand since consumers have no choice but to purchase the food. 

RS
Answered by Roscoe S. Economics tutor

12875 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Identify policies a government can use to achieve economic growth.


Explain why the UK have different minimum wage rates for different age groups


Draw and label a diagram to show the effects on the equilibrium market position to show the effects of a hot sunny day on the market for ice creams.


Explain how exchange rates are determined in a floating exchange market


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