Answer:
The prices of wine,soft drinks or bottled water are high because these items have an inelastic demand. People can't refuse to drink water because it's price is high. Water is needed for survival.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
Prices for food is reasonable because demand is elastic. If prices are too high, the Quanitity demanded would fall.
I hope my answer helps you
Explanation:
