Demand for food doesn't change in response to a change in price. Why?

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1015005

2026-03-08 18:45

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Demand for food doesn't change in response to a change in price because it is often considered a necessity. People need to eat regardless of price fluctuations, leading to inelastic demand; that is, quantity demanded remains relatively stable even as prices rise or fall. Additionally, many people have limited options for substituting food with other goods, further solidifying its status as a basic need.

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