The demand for necessities is

Options

A. elastic
B. perfectly inelastic
C. inelastic
D. perfectly elastic

Answer

B

Explanation

Inelastic demand means that if the price changes, the quantity demanded will not change much. The more necessary a good is, the lower the elasticity, as people will attempt to buy it no matter the price. Necessities such as water are likely to have perfectly Inelastic demand.