Demand for a good that is a necessity is likely to be _____ because consumers _____ to have the product regardless of the price. Demand for a good that is a luxury is likely to be _____ because consumers can take their time to find _____ for the product when the price increases, as they do not need to have the good.
- unitary
- inelastic
- have more time to adjust to a change
- need
- elastic
- want
- complements