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

Respuesta :

Answer:

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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