Question

Explain why salt is considered as perfectly inelastic good ?

Answer 1

If a good has a completely price-inelastic demand, the demand for it will not be affected by the price of it. For example, if the price of salt increases, people will not buy less of it. ... The demand of salt is therefore price-inelastic. Elasticity is often measured in percents....

$<marquee><font color="red">mark me branlist</font>$

Answer 2

I hope I can help you.please follow me ☺️☺️