Question

Q. 1. Salt has no close substitute & moreover a household has to share a negligible part of his entire budget.Therfore ,even in spite of increase in price of salt its demand will not be affected. However , demand for a particular brand of toothpaste is comparatively more elastic as there are many brands of toothpaste available in the market , so the consumers can switch over to any other brand in case of hike in the price of a particular brand of toothpaste

Answer 1

Salt has no close substitute and moreover a household has to share a negligible part of his entire budget. Therefore, even in spite of increase in price of salt its demand will not be. ... can switch over to any other brand in case of hike in the price of a particular brand of. toothpaste.