Question

necessary goods: salt, medicine, milk ,perfume​

Answer 1

Answer:

Odd one is Perfume because it is not anecessary item, we can manage without it. Butsalt, medicine and milk are necessary goods.

Answer 2

Necessary goods: salt, medicine, milk. Perfume is the odd one out.

• Salt, milk, and medicine are examples of necessary goods while perfume is an example of luxury items. Thus, perfume is the odd one out of the set.
• Low elasticity of demand is witnessed in the case of necessary goods because the demand for necessary goods remains the same even if the cost of these necessary items change or if the income of the consumer changes. It is because they are essential in our daily lives.