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What types of things can happen in the market

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Reference no: EM133185449

Think about an item that you consume/demand each day (week). Is there an item that you'd continue to buy if, let's say, the price doubled . . . over night! Is there any item you would stop buying if the price went up only a small amount?

If prices go way up, but consumers need it (they're price inelastic) what types of things can happen in the market that could help consumers?

Reference no: EM133185449

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