keystonetoday1
keystonetoday1 keystonetoday1
  • 22-11-2019
  • Business
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Which of the following accurately describes a situation in which consumers have inelastic demand?

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zunesyed
zunesyed zunesyed
  • 27-11-2019

Answer:

Demand for the coffee is inelastic

Explanation:

Inelastic demand is when individuals can't quit any pretence of utilising a good. People can't stop drinking coffee despite the fact that they need to cut  down on caffeine consumption. The demand for coffee is inelastic because change in the price or the after effects of coffee does not change the demand for coffee consumption.

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