Which of the following is likely to have the most price inelastic demand?
A)white chocolate chip with macadamia nut cookies
B)hardback novels
C)salt
D)box seats at a major league baseball game

Name: Which of the following is likely to have the most price inelastic demand? A)white chocolate chip with macadamia nut cookies B)hardback novels C)salt D)box seats at a major league baseball game
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Question

Quizplus · Accepted Answer

Salt is a necessity and has limited substitutes, therefore its demand is likely to be price inelastic.

Which of the Following Is Likely to Have the Most