Answer:
I am rubber you can eat!
You do not want me when you donβt have me, but when you have me you donβt want to lose me. What am I?
When you buy me I am costly, but the only use I have is hanging only. What am I?
I am round. I have only one line. Circle is not my name indeed. What am I?
I am slim and tall many find me desirable and appealing they touch me and I give a false good feeling once I shine in splendor but only once and then no more for many I am to die for.
Born of earth, but with none of its strength. Molded by flame, but with none of its power. Shaped