Home heating gas tends to have _____ demand because _____.
A) elastic; it has few close substitutes
B) elastic; people have lots of time to adjust their consumption patters
C) inelastic; people spend a large share of their incomes on heat
D) inelastic; it is a necessity

Question

Quizplus · Accepted Answer

Home heating gas has inelastic demand primarily because it is considered a necessity for most consumers, meaning they will continue to purchase it regardless of price changes.

Home Heating Gas Tends to Have _____ Demand Because _____

Home Heating Gas Tends to Have _ Demand Because _