What products have a low elasticity of demand?

Asked by Peter Ross on March 16th, 2012 @ 3:35 a.m.
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Products that typically have a low price elasticity of demand are those for which no substitutes are readily available. Products that are inelastic include gasoline, heating systems in winter or a drug that cures a life-threatening disease. Regardless of the price, demand will remain relatively constant for inelastic goods.
Answered by Chido Munangagwa on April 2nd, 2012 @ 2:40 a.m.