Price elasticity of demand means a small change in price leads to an large change in demand. For a product where the demand change is very low even if there is a significant rise in price, is called low price elasticity of demand. In my budget one such product is common Salt. This is because salt is a mandatory item for any food. Irrespective of the price of Salt, you need to buy it. But on the other hand you won’t go for buying excessive salt even if the price is low
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