6
QuizMultiple Choice

Elasticity and Incentives

Question 6 • LEHS TX-Economics (SY26-27)

Goods that are considered to be needs tend to be

Answer
e
elastic when the price changes.
i
inelastic when the price changes.
e
elastic when the supply changes.
i
inelastic when the supply changes.
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Goods that are considered to be needs tend to be