Answers TX-Economics Chamberlain P4 T1 2.2 Elasticity and IncentivesQuestion 3

3

QuizMultiple Choice

2.2 Elasticity and Incentives

Question 3 • TX-Economics Chamberlain P4 T1

Goods that are considered to be needs tend to be

Answer

A

elastic when the price changes.

B

inelastic when the price changes.

C

elastic when the supply changes.

D

inelastic when the supply changes.

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Goods that are considered to be needs tend to be