What statement characterizes inelastic demand?
| November 25, 2020 | education
The statement characterizing inelastic demand is that a product is a basic necessity. These can be bread, water, soap.
One of the components of a person's success in our time is receiving modern high-quality education, mastering the knowledge, skills and abilities necessary for life in society. A person today needs to study almost all his life, mastering everything new and new, acquiring the necessary professional qualities.
