Salt is an important ingredient in many soups produced by Campbell's.If the price of salt rises,Campbell's will not likely reduce the amount of salt it purchases from salt suppliers,because salt is such a crucial ingredient.Therefore,you know the demand for salt is:

Question

Quizplus · Accepted Answer

A product is price inelastic if a change in price causes little or no change in demand.Salt is a fairly insignificant cost item in the overall costs of a product and might even be considered a necessity item.

Salt Is an Important Ingredient in Many Soups Produced by Campbell's.If