An example of a need is

An example of a want is

If the price of a need goes up, people tend to buy

If the price of a want goes up, people tend to buy

basic food, A big tv, About the same amount, Less than before

Step-by-step explanation:

Just did it

Food, car, about the same amount, lesser than usual.

Step-by-step explanation:

To start with, a need is anything that one needs in order to survive or get a job done. An example of a need is food. Humans need food for energy and growth.

A want can be simply defined as one's desire for something. An example of a want is a car. People desire to own cars but it doesn't mean they don't have alternatives of transportation at their disposal.

Since needs are important for survival and to get a job done, whenever the prices or cost of a need increases, people would be inclined to still get about the same amount of the need as they used to because it is very important.

However, when the price or coast of a want goes up, people would be likely to reduce the manner which they desire such wants because it's not essential to survival. As such, the demand for such wants would lessen or be lesser than usual.