Which of the Following Could Explain Why the Demand for Table

question 101

Multiple Choice

Which of the following could explain why the demand for table salt is inelastic?

• A)Salt is a luxury good.
• B)Salt is a rare commodity.
• C)Households devote a very small portion of their income to salt purchases.
• D)Salt is a luxury for high-income consumers but a necessity for low-income consumers.

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Definitions:

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A racial or ethnic group in the United States characterized by an ancestry linked to Africa, particularly sub-Saharan Africa.

Wage Differential

The variation in wages earned by individuals in different jobs, industries, geographic locations, or by workers with varying skill levels.

Racial Prejudice

Racial Prejudice involves preconceived negative judgments or opinions about individuals based on their racial or ethnic background.

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Measures that quantify the extent to which different groups are treated differently based on certain attributes.