Which of the following accurately describes a situation in which consumers

have inelastic demand?

O

A. People don't go to a restaurant because there are no vegetarian-

only dishes offered.

B. People cannot quit drinking coffee even though they want to cut down on caffeine intake.

O

C. People give up eating red meat in order to have a healthier heart.

D. People start using maple syrup because they are making a larger

income.

Question

History

Korbin Sherman

26 July, 14:53

Which of the following accurately describes a situation in which consumers

have inelastic demand?

O

A. People don't go to a restaurant because there are no vegetarian-

only dishes offered.

B. People cannot quit drinking coffee even though they want to cut down on caffeine intake.

O

C. People give up eating red meat in order to have a healthier heart.

D. People start using maple syrup because they are making a larger

income.

+1

Answers (1)

Know the Answer?

Markus · Answer 1

B. People cannot quit drinking coffee even though they want to cut down on caffeine intake.

Explanation:

Inelastic demand happens when people purchase the same amount of a product or the same service without paying attention to whether the price rises or drops. For example, car owners must buy gas, no matter the prices. They will buy what they need.