Answer to Question #216580 in Economics for Paballo

Question #216580

The price elasticity for the demand for food is most likely to be _____ A. 2,6.
B. 0,3.
C. 5,2.
D. 1,8.

Expert's answer

The price elasticity for the demand for food is most likely to be inelastic, because food is vital for people.

So, the correct answer is B. 0.3.

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