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.

---

Definitions:

Finishing Department

The final stage in the production process where goods are completed, inspected, and prepared for delivery.

Overhead Applied

The amount of overhead cost assigned to a particular cost object based on a predetermined rate, formula, or method.

Milling Department

A specific department within a manufacturing facility where milling processes, involving the removal of material to shape parts, occur.

Customizing Department

A specialized department within an organization that tailors products or services to meet specific customer requirements.