Discuss one (1) recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.
I bought a container of salt. It weighed 26 ounces and cost $.48. The demand for this product is inelastic because it does not take up a significant portion of my budget. If the price were to double, I could afford it just as easily as I can now and would surely not notice the difference.the price change was demand
Jan 16th, 2015
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