lectur14-page65

lectur14-page65 - be. The price of salt is such a small...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
65 Proportion of the Consumers Budget a Good or Service Represents The less of a consumers budget a commodity represents, the more inelastic the demand curve will tend to
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: be. The price of salt is such a small percentage of our budgets, that consumption of salt will not be affected very much by a price increase....
View Full Document

This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

Ask a homework question - tutors are online