-
The demand for which of the following commodity will not rise
in spite of a fall in its price?
-
- Television
- Refrigerator
- Salt
- Meat
- Television
Correct Option: C
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.