Explain why the salt is called as perfectly inelastic good
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The demand for salt is inelastic because irrespective of the change in price, the demand for salt remains the same. Inelastic demand is usually seen for necessary goods like salt, sugar, milk etc
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hlo mates..
The demand for salt is inelastic because irrespective of the change in price, the demand for salt remains the same. Inelastic demand is usually seen for necessary goods like salt, sugar, milk etc.
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