Goods consumed out of habit have

Goods consumed out of habit have inelastic demand. Inelastic demand means that the quantity demanded is not very responsive to changes in price. When a good is consumed out of habit, people tend to be less sensitive to changes in price because their consumption habits are not easily altered. For example, if someone always buys a particular brand of coffee, they may continue to buy that brand even if the price increases because they are used to it and enjoy it. This means that the quantity demanded will not decrease significantly in response to a price increase. Conversely, if the price of the good decreases, the quantity demanded will not increase significantly because people are already consuming the good out of habit. Thus, goods consumed out of habit have inelastic demand, meaning that changes in price have little effect on the quantity demanded.