What are two inelastic goods?
Answer:
water and insulin
cigarettes and gas
Hard to find any true price inelastic goods. Even water is an elastic good - if price rises high enough, you'll share the bathwater and let the grass die!
Water is the closest I can think of though. And short-term, oil (until infrastructure is changed to use alternatives, more efficient methods).
If you are talking about income inelasticity (demand rises only slightly with income increases), then bread and milk are examples
Jeans and Kakhis - neither are elastic
Sweatpants are the opposite and thus elastic.
It is arguable whether elasticity contributes or discontributes to quality. When we confabulate our ideas, maybe we can concur on a consensus.
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers: