Most People Buy Salt Infrequently and in Small Quantities

question 217

Multiple Choice

Most people buy salt infrequently and in small quantities.Even a doubling of the price of salt is likely to result in a small decline in the quantity of salt demanded.Therefore

• A)the demand for salt will be perfectly inelastic.
• B)salt is a normal good.
• C)the demand for salt is relatively inelastic.
• D)the price elasticity of demand for salt is greater than 1 (in absolute value).

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Definitions:

Shrink

To decrease in size, amount, or value.

Visceral Fat

A type of body fat that is stored within the abdominal cavity and is associated with numerous health risks, including cardiovascular disease.

Internal Storage Fat

Fat located deep within the body, surrounding organs and providing cushioning, insulation, and energy storage.

Muscle Mass

Refers to the total amount of muscle tissue in the body, important for posture, movement, and overall metabolic rate.