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3 August, 00:13

Of the categories of spending listed below, which is the smallest component of the market basket?

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Answers (1)
  1. 3 August, 00:37
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    Of the categories of spending listed below:

    A) Food at home

    B) Medical care

    C) Apparel

    D) Education

    the smallest component of the market basket is

    D) Education

    Explanation:

    The market basket refer to the items and products that can be bought and sold. Education is the smallest component of the market basket because usually books, notebooks, pen etc come under this component. Apparel, Medical care and food at home are bigger components of the market basket due to the variety of products in each category.
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