Question

Which of the following accurately describes a situation in which consumers have inelastic demand?

Answer 1

People can't stop drinking coffee even though they want to cut down on caffeine intake.

Step-by-step explanation:

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Answer 2

Demand for the coffee is inelastic

Step-by-step explanation:

Inelastic demand is when individuals can't quit any pretence of utilising a good. People can't stop drinking coffee despite the fact that they need to cut down on caffeine consumption. The demand for coffee is inelastic because change in the price or the after effects of coffee does not change the demand for coffee consumption.