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

Question

Quizplus · Accepted Answer

The demand for a necessity is generally inelastic, meaning that changes in price have a relatively small effect on the quantity demanded. This is because consumers need the product regardless of its price, so they are willing to pay for it even if the cost increases.

The Demand for a Necessity Generally Is