Kadenlynn
contestada

In economics, if a good is inelastic,

consumers have lost an interest in purchasing it.
producers have lost an interest in manufacturing it.
its supply or demand is too sensitive to price changes.
its supply or demand is not sensitive to price changes.

Respuesta :

I believe the answer is: its supply or demand is not sensitive to price changes

A goods would fall under inelastic category if that product is considered as basic/primary needs for most consumers.
Example of such goods is food and water. No matter how much the price of food and water rises, the demand for this goods would stay relatively stagnant because people have to use them to survive.
ayfat23

It should be noted that in economics, if a good is inelastic, its supply or demand is not sensitive to price changes.

What are inelastic goods?

inelastic goods can be explained as goods that its demand remain the same even after the price changes.

Therefore ,In  inelastic goods, its supply or demand is not sensitive to price changes.

Learn more about inelastic goods at:

https://brainly.com/question/25973622

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