Answer to Question #286654 in Microeconomics for Samri

Question

Why does the quantity of salt demanded tend to be unresponsive to change in it's price?

Answer 1

Solution:

The quantity of salt demanded tends to be unresponsive to changes in its price since salt is an inelastic good. This means that no matter the price change, people will still purchase it.

Furthermore, it is a necessity product that has no close substitutes.