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

JO
Answered by Jack O. Economics tutor

1377 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What are the characteristics of an oligopoly?


Why are subsidies a more efficient way of reducing prices than price ceilings are?


Explain two advantages that firms may gain from a horizontal merger.


Describe what is economies of scale?


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