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With new technology in the auto industry it makes it easier for manufacturers to switch up what type of car they are making.

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housing is pretty inelastic because you can't just change up a house quickly. it takes time to build or remodel

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fashion is an elastic supply because they can change up what they are making and wearing to conform to the trends that are happening at a certain time

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people who make hot dogs make profit off of the left over parts of pigs so they are reducing the waste of animal parts

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Fast food would be an elastic service because you can make food at home or go to another establishment. you don't HAVE to eat fast food making it elastic

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Coke would be an elastic good because you could substitute it for some other soft drink like Pepsi

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The doctor is an inelastic service to me and almost everyone else. Theres no substitution for the doctors. if you are sick or injured you have to go.

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Gas is inelastic for me and pretty much everyone else. I drive a lot and I need gas to get to those places

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When I was younger and sick I would eat a lot of cough drops. Specifically the cherry ones and I ate so much that I got even more sick and now I can barely eat them when Im sick.

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With the winter months coming coat manufacturers will supply more coats and the price will likely rise.

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The other day I went to Mi Cocina to get a burrito but they were closed so I went to get La casita instead.

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Once I got a job and my income went up I was able to buy more food and other stuff

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Trying to buy records right now is hard because the price is going up causing me to buy less at one time.

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Understanding supply and demand can help you in many different ways. For me it can help me be smart in purchasing things at specific times to get the best price for the most amount of goods or services.