Home heating gas tends to have _____ demand because _____.
A) elastic; it has many close substitutes
B) elastic; it is a necessity
C) inelastic; people do not have time to adjust their consumption patterns
D) inelastic; people spend a large share of their incomes on heat

Question

Quizplus · Accepted Answer

Home heating gas tends to have inelastic demand because people often cannot quickly adjust their consumption patterns in response to price changes, especially in the short term. Heating is a basic necessity, and alternatives or adjustments (like installing new heating systems) require time and investment.

Home Heating Gas Tends to Have _____ Demand Because _____

Home Heating Gas Tends to Have _ Demand Because _