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

3116 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What are causes of globalisation?


Explain two benefits to the government that falling unemployment provides.


Please show, using a diagram with explanation, the effect on the UK market for t-shirts of a flood in Bangladesh, a leading cotton growing nation.


Explain why a government budget deficit is likely to stimulate economic growth.


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:

© 2025 by IXL Learning