The demand for which of the following commodity will not rise in spite of a fall in its price?

Television

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Refrigerator

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Salt

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Meat

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Solution

The correct option is B Salt
Salt is a necessary commodity. Therefore the demand for salt is perfectly inelastic, which means regardless of the changes in the price, quantity demanded by the consumers will not change.

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Similar questions

Q. When the price of a commodity rises the demand will fall.

Q. When price of a commodity

X

falls by

10

per cent, its demand rises from

150

units to

180

units. Calculate its price elasticity of demand. How much should be the percentage fall in its price so that its demand rises from

150

210

units?

a. Arrange the following coefficients of price elasticity of demand in ascending order:
-0.87, -0.53, -3.1, -0.80

b. Comment upon the degree of elasticity of demand for commodity X, if the price of the commodity falls from Rs 28 per unit to Rs 23 per unit and its quantity demanded rises from 50 units to 100 units.

Q. “The Law of Demand states other things being equal, the quantity demanded of a commodity increases when its price falls and decreases when its price rises. There are several assumptions of the Law of Demand.”
If we refer to the determinants of demand, then ‘other things’ in the Law of Demand refers to which of the following?

[1 mark]

Q. “The Law of Demand states other things being equal, the quantity demanded of a commodity increases when its price falls and decreases when its price rises. There are several assumptions of the Law of Demand.”
Which of the following is an assumption of the Law of Demand?

[1 mark]

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The demand for which of the following commodity will not rise in spite of a fall in its price?

The correct option is B SaltSalt is a necessary commodity. Therefore the demand for salt is perfectly inelastic, which means regardless of the changes in the price, quantity demanded by the consumers will not change.

The correct option is B Salt
Salt is a necessary commodity. Therefore the demand for salt is perfectly inelastic, which means regardless of the changes in the price, quantity demanded by the consumers will not change.