The Demand for Salt Is

question 222

Multiple Choice

The demand for salt is

• A) inelastic because there are few substitutes for salt and it represents a large percentage of a consumer's budget.
• B) inelastic because there are many substitutes for salt and it represents a large percentage of a consumer's budget.
• C) inelastic because there are few substitutes for salt and it represents a small percentage of a consumer's budget.
• D) elastic because there are no substitutes for salt and it represents a large percentage of a consumer's budget.
• E) elastic because there are many substitutes for salt and it represents a large percentage of a consumer's budget.

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