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advancements in technology have made bikes a lot easier to make because instead of making them by hand there are thousands of machines that will make them for you

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Travis Scott shoes are something i want but cant have because no matter hoe much demand or price change there is they wont supply more

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this isn't really recently but there was a huge amount of people that wanted these and plenty of supplier to make them because they are so cheap

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if the profit motive is really high the waste of bananas will be low because they have a low shelf life

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it is starting to get warmer and closer to summer time so suppliers will be supplying more sunglasses.

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golfing is a service with elastic demand because if they raised their prices to an extreme height most people wouldn't pay for the golf.

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sodas are an example of an elastic good because people will not buy them if the price rises too high.

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Getting a haircut is an example of a service with inelastic demand because even if it costs a lot of money most people will still be getting their hair cut.

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gasoline is a product with inelastic demand because no matter how much it costs chances are most people are still going to drive themselves places.

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I bought a bulk supply of cheese itz at sams club and ate all of them. The more cheese itz i ate the less i wanted them which makes it an example of marginal utility

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If i am going to the store to get an Arizona ice tea and they are all out, i will normally get a peace tea as a substitute.

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When i got my job waiting tables i bought a lot more shoes. this is an example of the income effect because i had more money to spend so i bought more shoes.

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This is a great example of supply and demand because before i bought this hat it was selling for around 100 dollars because there was a very high demand and a small supply. i ended up buying the hat for 50$ because the demand was much lower.