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Q. |
The demand for which of the following commodity will not rise in spite of a fall in its price? |
A. | Television |
B. | Refrigerator |
C. | Salt |
D. | Meat |
Answer» C. Salt | |
Explanation: For certain goods called necessities, demand is not related to income. Demand for salt does not increase with the increase in income & does not decrease with the decrease in income. It means that it is irrespective of income. The demand curve slopes downward for goods like salt, but it is inelastic. |
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