Search SchoolNGR

Thursday, 02 July 2026
Register . Login

Which goods commonly have inelastic demand?

Which goods commonly have inelastic demand?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Luxury jewelry
  • B Necessity goods
  • C Expensive perfumes
  • D Fashion accessories
Correct Answer: Option B
Explanation:
Necessities such as salt, fuel, and medicine are difficult to avoid. Consumers continue buying them even when prices rise.

Share question on: