In general,products that are consumed in fixed amounts have
A)constant demand.
B)elastic demand.
C)inelastic demand.
D)variable demand.

Name: In general,products that are consumed in fixed amounts have A)constant demand. B)elastic demand. C)inelastic demand. D)variable demand.
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Question

Quizplus · Accepted Answer

When a product is consumed in fixed amounts, the demand for the product does not vary with changes in its price. Hence, the demand elasticity of the product is low and it is said to have an inelastic demand.

In General,products That Are Consumed in Fixed Amounts Have