Question

price is the only determinant of demand state the reasons
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Answer 1

Answer:

This is because when price of a good rises, a consumer will not buy the good but purchase its substitute. 2. Nature of commodity: All necessities like salt, rice etc that have no substitutes/or less substitutes will have an inelastic demand. People have to purchase such commodities for their sustenance.

Explanation:

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Answer 2

Answer:

This is because when price of a good rises, a consumer will not buy the good but purchase its substitute. 2. Nature of commodity: All necessities like salt, rice etc that have no substitutes/or less substitutes will have an inelastic demand. People have to purchase such commodities for their sustenance.