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
Step-by-step 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.