Which product will have the most inelastic demand curve?
A)Beer
B)Motor vehicles
C)Milk
D)Household electricity

Question

Quizplus · Accepted Answer

Household electricity has the most inelastic demand curve as it is considered a necessity and consumers have limited alternatives. In the short run, households cannot easily reduce their consumption or quickly shift to other sources of energy, making their demand relatively unaffected by changes in price.

Which Product Will Have the Most Inelastic Demand Curve