Which factor would result in the demand curve for a product being price inelastic?

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Explanation

A product's demand tends to be price inelastic when it is a necessity, meaning consumers will buy it regardless of price changes. Luxury goods or products with many substitutes usually have more elastic demand, while being an inferior good does not necessarily imply inelastic demand.

Which factor would result in the demand curve for a … — Elasticity | PakQuizHub