The demand schedules for such products as eggs,bread,and electricity tend to be:

A) perfectly price elastic.
B) of unit price elasticity.
C) relatively price inelastic.
D) relatively price elastic.

Question

The demand schedules for such products as eggs,bread,and electricity tend to be:A)  perfectly price elastic.B)  of unit price elasticity.C)  relatively price inelastic.D)  relatively price elastic.

Hafiz Ibrahim · Accepted Answer

Final Answer : C, Explanation :  The demand for essential products like eggs, bread, and electricity tends to be relatively price inelastic. This means that changes in the price of these goods do not significantly affect the quantity demanded by consumers. People still need to buy these goods, even if the price increases, because they are considered necessities. Therefore, the demand schedules for these products are relatively price inelastic.

The demand schedules for such products as eggs,bread,and electricity tend to be:

A) perfectly price elastic.
B) of unit price elasticity.
C) relatively price inelastic.
D) relatively price elastic.

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