Necessities tend to have more inelastic demands than luxuries.

Question

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Necessities, such as basic food and household items, are typically items that people cannot do without and therefore have more inelastic demand, meaning that changes in price will have a limited effect on the quantity demanded. On the other hand, luxuries are non-essential items that people can easily do without and accordingly have more elastic demand, meaning that changes in price will have a greater effect on the quantity demanded.

Necessities Tend to Have More Inelastic Demands Than Luxuries