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226 bytes added , 14:14, September 18, 2011

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~~<big><big><big><big><big><big><big><big><big>fück you!!!!!~~

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'''Necessities''' are goods for which demand is [[inelastic]]. An increase in price for these goods does not reduce the demand much, because these goods are essential and many people will buy them regardless of price. [[Income elasticity of demand]] for a necessity is less than one.

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[[Category:Economics]]

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Revision as of 14:14, September 18, 2011