study of responses of demand for commodities salt candle
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Study the responsiveness of demand for commodities like salt matchboxes candle television food grains with respect to income level of five families introduction. ... If a family has very low income, then the demand for salt, matchboxes and candles are going to be necessary.
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Salt is in the category of inexpensive necessities. It is the product where demand increase with the rise in income upto a certain level then no responses after that level by the rise in income.
Means salt is thing which u consure as per taste.i.e- As your earn much u consure 1kg per meal.
Means salt is thing which u consure as per taste.i.e- As your earn much u consure 1kg per meal.
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