Demand for which of the following goods would be inelastic? A. a necessary, expensive good with substitutes B. a necessary, inexpensive good with no substitutes C. an unnecessary, inexpensive good with substitutes D. an unnecessary, expensive good with no substitutes

Respuesta :

Based on the given options above, the correct answer of the question would be option B. Demand for a necessary, inexpensive good with no substitutes is considered inelastic. These are goods with demands that are not affected by the rise and fall of the prices. For example, salt. Hope this answer helps. Thanks for posting your question.