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d for a good that is a necessity is likely to be inelastic because consumers: q , to have the it regardless of the price.
d for a good that is a necessity is likely to be inelastic because consumers: to have the it regardless of the price. Demand for a good that is a luxury is likely to be because mers can take their time to find t need to have the good. for the product when the price increases, as they
want
need have more time to adjust to a change
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