Explain why the demand for food is relatively price inelastic

Food is a necessity to which there is no substitute. As a result, more consumers will be willing to pay higher prices, meaning a change in price will not cause a proportionate change in demand

Answered by Jack O. Economics tutor

1107 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Why does the basic problem of choice arise?


What is opportunity cost?


Evaluate the use of supply side policies as a means of controlling UK inflation (30 marks)


How do barriers to entry help monopolies maintain power?


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