Explain why the demand for food has an inelastic PeD.

Food is a necessity, people need it to survive, therefore the demand for food is likely to be unresponsive to a change in price because people still have to buy food reguardless of the cost or they will die. There is no alternative for food so the quantity demanded of food will remain the same despite a change in the price. 

A reduction in the price pf food may not lead to a huge increase in quantity demanded as food is seen as a necessity meaning people purchase the same amount of food reguardless of price.

KP
Answered by Kate P. Economics tutor

2877 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

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


What are the benefits of an increase in the National Minimum Wage?


Explain why the demand for food is relatively price inelastic.


Using real life examples, explain the differences between the different market structures.


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