What type of demand does a person who has high cholesterol,and must exercise for an hour every day,have for exercise equipment
A)elastic
B)unit elastic
C)inelastic
D)perfectly elastic

Question

Quizplus · Accepted Answer

Inelastic demand refers to a situation where the demand for a product or service is not very sensitive to changes in price or income. In this case, a person with high cholesterol who must exercise for an hour every day has a need for exercise equipment that is not affected by price or income changes, as the need is essential for their health. This type of demand is inelastic because the person will still purchase exercise equipment even if the price goes up or their income decreases, as exercise is necessary to manage their health condition.

What Type of Demand Does a Person Who Has High