Commodities are most likely to show inelasticity when they are
A) independents.
B) necessities.
C) luxuries.
D) dependents.

Name: Commodities are most likely to show inelasticity when they are A) independents. B) necessities. C) luxuries. D) dependents.
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Question

Quizplus · Accepted Answer

Necessities tend to have inelastic demand because consumers will buy them regardless of price changes. Essentials such as food, water, and basic housing are examples where demand remains relatively constant even as prices fluctuate.

Commodities Are Most Likely to Show Inelasticity When They Are