Why is the demand for food relatively price inelastic?

Food is price inelastic because there is no alternative or substitute good that we can consume in order to sustain life. Therefore if the price of food increases we still require it to survive, resulting in a limited reduction in the demand for food, thus making the demand for food price inelastic.

Answered by Fred E. Economics tutor

2845 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Which factors affect supply and demand?


What is the law of demand?


What is the difference between the terms elastic and inelastic and how do they relate to demand?


What is productive efficiency?


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