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.

FE
Answered by Fred E. Economics tutor

3265 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Explain the factors which determine the level of demand for a good or service


What conditions allow a firm to sell the same product at different prices?


What is productive efficiency?


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


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