Salt has a low price elasticity of demand, which of the following might be the reason for this?<\/p>
Select one:<\/p>
a.a person spends a high percentage of his or her budget on it.<\/p>
<\/p>
<\/p>
b.salt is a luxury good.<\/p>
<\/p>
<\/p>
c.it has few substitutes.<\/p>
<\/p>
<\/p>
d.none of the above<\/p>
<\/p>
<\/p>
<\/p>", "transcribed_text": "", "related_book": { "title": "Applied Regression Analysis And Other Multivariable Methods", "isbn": "1285051084, 978-1285963754, 128596375X, 978-1285051086", "edition": "5th Edition", "authors": "David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/632.jpg", "uri": "\/textbooks\/applied-regression-analysis-and-other-multivariable-methods-5th-edition-632", "see_more_uri": "" }, "free_related_book": { "isbn": "1138904643", "uri": "\/textbooks\/the-political-economy-of-the-small-firm-1st-edition-9781138904644", "name": "The Political Economy Of The Small Firm", "edition": "1st Edition" }, "question_posted": "2024-06-12 22:03:35", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/state-whether-or-not-each-of-the-following-is-correct", "description": "State whether or not each of the following is correct and explain your reasoning. 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