Which of the following is the best example of a good that has inelastic demand?
a. boat
b. salt
c. movie ticket
d. diamond

The correct answer for this question is this one: "b. salt." The best example of a good that has inelastic demand is the salt. Inelastic demand refers to demand whose percentage change is less than a percentage change in price. Take for example, the price of a commodity rises twenty-five percent and demand decreases by only two percent, demand is said to be inelastic. 

Early 18th century british industries were generally small scale and relatively unsophisticated. most textile production, for example, was centred on small workshops or in the homes of spinners, weavers and dyers: a literal ‘cottage industry’ that involved thousands of individual manufacturers. such small-scale production was also a feature of most other industries, with different regions specialising in different products: metal production in the midlands, for example, and coal mining in the north-east.two illustrations of 18t