Question 33 of 41
Q.There is no close substitute to ______.
(a) Sugar
(b) Match box
(c) Salt
(d) Tea
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2025MCQ· 1mImportance★★★★★
80% · 33/41 Questions
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Start your 14-day free trial to unlock the full solution →Salt is a necessity that has no close substitute, so the answer is option (c).
A close substitute is a good that can be used in place of another to satisfy the same want (like tea and coffee, or Coke and Pepsi). When a good has no close substitute, consumers must buy it regardless of price, so its demand is highly inelastic.
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