X inelasticelastic
✔ inelasticelastic
inelasticX elastic
If the price of a want goes up, people tend to buy .
inelastic✔ elastic
✔ inelasticelastic
✔ inelasticX elastic
✔ basic food an mp3 player a nice suit
An example of a need is .
The line at PF represents the .
The price ceiling means there will be in the supply of rental spaces.
a big TV a place to liveX medicine
An example of a want is .
The line at PE represents the .
Landlords will not raise rent prices as demand increases because they .
more than before less than before✔ about the same amount
If the price of a need goes up, people tend to buy .
The line between points A and B represents .
According to the graph, rent would stabilize at if the price ceiling did not exist.
If the price of a want goes up, people tend to buy .
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