Introduction to Economics 1 Deneme Sınavı Sorusu #1275162

  1. Education services
  2. Health services
  3. Heating in the winter

Which of the above has inelastic demand?


I and II

II and III

I and III

Only II

I, II and III


Yanıt Açıklaması:

Education and health services (doctor visits), heating in the winter, gasoline for car owners are considered necessities for consumers and these items have inelastic demand since the case of price increases in these items gets small reactions from consumers to cut their quantity demanded

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