The demand for such products as salt,bread,and electricity tends to be:
A)perfectly inelastic
B)perfectly elastic
C)unit-elastic
D)relatively inelastic
E)relatively elastic

Question

Quizplus · Accepted Answer

The demand for salt, bread, and electricity tends to be relatively inelastic, meaning that changes in price will have little effect on consumer demand. These products are considered essential and have few close substitutes, leading consumers to continue to purchase them even if the price increases.

The Demand for Such Products as Salt,bread,and Electricity Tends to Be