Answer to Question #288672 in Microeconomics for economics

Question #288672

why does the quantity of salt demanded tend to be unrespesponsive to changes in its price?


1
Expert's answer
2022-01-19T05:59:29-0500

Solution:

The quantity of salt demanded tends to be unresponsive to price changes since salt falls under the category of inelastic demand, which normally does not respond to price changes.

Furthermore, salt is a necessity with no close substitutes.


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