Answers 2102320-Economics HONORS - Edgenuity Teacher Elasticity and IncentivesQuestion 6

6

AssignmentMultiple Dropdowns

Elasticity and Incentives

Question 6 • 2102320-Economics HONORS - Edgenuity Teacher

An example of a need is .

Answer

An example of a need is .:

basic food

An example of a want is .:

a big TV

If the price of a need goes up, people tend to buy .:

about the same amount

If the price of a want goes up, people tend to buy .:

less than before

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