Question

name two products with inelastic demand. ​

Answer 1

Answer:

" Examples of inelastic demand

• Petrol – those with cars will need to buy petrol to get to work.
• Cigarettes – People who smoke become addicted so willing to pay a higher price.
• Salt – no close substitutes.
• Chocolate – no close substitutes.
• Goods where firms have monopoly power. "

Answer 2

Answer:

• Petrol – petrol has few alternatives because people with a car need to buy petrol. For many driving is a necessity. ...

• Salt. ...