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13 November, 11:57

When the price of a necessity increases, demand is likely to be - because consumers - that product to survive. However, when the price of a luxury good increases, consumers may - because the good is not crucial to survival. Thus, the demand would be -.

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  1. 13 November, 13:34
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    When the price of a necessity increases, demand is likely to be constant because consumers need that product to survive. However, when the price of a luxury good increases, consumers may not buy it because the good is not crucial to survival. Thus, the demand would be decreasing.

    Explanation:

    Changes in prices do not affect the demand for necessary goods in price. Consumers need products to survive. Luxury goods are not a necessity for life. When the price goes up, the demand goes down.
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