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.

"> 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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The demand for which of the following commodity will not rise

Economics Economics miscellaneous in Economics 4 months ago

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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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Posted on 04 Jun 2025, this text provides information on Economics related to Economics miscellaneous in Economics. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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