When consumers believe they need a product, the demand becomes less elastic, showing a less responsive change in quantity demanded with price fluctuations.
When consumers start to believe they need a product, the demand becomes less elastic. This means that even with price increases, the quantity demanded does not decrease proportionally. Essentially, consumer willingness to pay more for the product despite price increases leads to a less elastic demand curve.
https://brainly.com/question/37206723