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Because spending for housing represents a larger portion of a person's income than spending on table salt Question 41 options: one would expect the absolute
Because spending for housing represents a larger portion of a person's income than spending on table salt Question 41 options: one would expect the absolute value of the price elasticity of demand for housing to be less than the absolute value of the price elasticity of demand for table salt. one would expect table salt to have elastic demand and housing to have inelastic demand. one would expect the absolute value of the price elasticity of demand for housing to be greater than the absolute value of the price elasticity of demand for table salt. one would expect them both to be unitary elastic
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