The demand for a necessity generally is
A) very elastic.
B) infinitely elastic.
C) unaffected by income.
D) inelastic.
E) unit elastic.

Name: The demand for a necessity generally is A) very elastic. B) infinitely elastic. C) unaffected by income. D) inelastic. E) unit elastic.
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Question

Quizplus · Accepted Answer

Necessities are generally considered to have a low price elasticity of demand, meaning that changes in price have less impact on the quantity demanded. Therefore, the demand for a necessity is generally inelastic.

The Demand for a Necessity Generally Is