why does the quantity of salt demanded tends to be unresponsive to change in its price
Answers
Answered by
11
Explanation:
salt is neccesity good in addition to this there are no close substitude available for salt
Answered by
10
The quantity of salt demanded tends to unresponsive to change in its price because salt comes under the category of inelastic demand on which the consumers show less response to the rise or fall of the product.
Explanation:
- salt comes under the category of inelastic demand where the people shows less response to its rise or fall of its price.
- Salt is a product which has less number of substitutes and the people may not spend much money for the salt and they never feel upset if there is a rise in the prices of salt.
To know more:
1) Details inelastic demand for salt, matchbox,foodgrains,candle?
https://brainly.in/question/12826280
2) What is the type of elastic of demand?
https://brainly.in/question/7998437
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