The demand for salt is ________. (elastic / inelastic / infinite elastic / unitary elastic), Fill in the blank with appropriate alternative given in the bracket.
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The demand for salt Is an inelastic.
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sristi998:
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Answer:
In this question,
The demand for the Salt is Inelastic.
This is because salt has no close substitutes and make a very small amount of household budget. Due to this, change in the price of the salt has a little or no impact on its quantity demanded.
Salt is mainly used in households for flavoring and preserving food.it is also used in Chemical industry.
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