Goods that are considered to be needs tend to be 1: elastic when the price changes.

Goods that are considered to be needs tend to be

1: elastic when the price changes.

2: inelastic when the price changes.

3: elastic when the supply changes.

4: inelastic when the supply changes.

Answer: 2: inelastic when the price changes.

Goods which are required such as food, water, and housing which normally have unitary characteristics are relatively stable to changes in price. This means that for this kind of good, a price change has no or a little effect on the quantity demanded, so demand curve for such goods is relatively flat. The products that people need are still necessary even when there are percentage changes or fluctuations in price because those products are the necessities of life and living. Necessary goods that the consumer desires are unresponsive to changes in its price due to lack of close substitutes