Multiple Choice
Salt is an important ingredient in many soups produced by Campbell's.If the price of salt rises,Campbell's will not likely reduce the amount of salt it purchases from salt suppliers,because salt is such a crucial ingredient.Therefore,you know the demand for salt is:
A) resistant.
B) inelastic.
C) derived.
D) elastic.
E) bundled.
Correct Answer:
Verified
Correct Answer:
Verified
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