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Salt has a low price elasticity of demand, which of the following might be the reason for this? Select one: a.a person spends a high

Salt has a low price elasticity of demand, which of the following might be the reason for this?

Select one:

a.a person spends a high percentage of his or her budget on it.

b.salt is a luxury good.

c.it has few substitutes.

d.none of the above

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