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Sublight2097 Sublight2097
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8 years ago
Consumers are often somewhat insensitive to changes in the price of table salt because
A) the proportion of their budget spent on salt is very low.
B) there are a considerable number of good substitutes for salt, in their opinion.
C) they are not used to changes in the price of salt.
D) salt is a necessity for a complete dining experience.
E) all of the above reasons.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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#3
8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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