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Technology has made it easier to produce music, and therefore supply is much more elastic. From the time of records, to now iTunes, there is much more music, which makes it way more of an elastic supply.

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I want some of Jeffree Star's androgyn liquid lipstick but I can never find any because he only makes a set amount of each color.

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People all of a sudden want more Kardashian products, so Kylie came out with a line and Kim is rumored to be starting one too, which makes it inelastic

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Qdoba burritos have an inelastic demand to me because I will buy them every day no matter what the price is.

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Getting a manicure has an elastic demand because it is a luxury, it's more expensive.

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Talenti Gelato has an elastic demand, because when the price goes up, quantity demanded goes down. (and there are many substitutes)

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If someone needed heart surgery, they would buy it no matter what the cost. But, if someone doesn't need surgery, they wont just go get it because it is cheap.

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Milk is an inelastic product because everyone buys milk, and not many people notice the price changes. I don't even know how much milk costs

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I have 3 pairs of Irish Setter hunting boots, and the last pair I never use because they have decreasing marginal utility. The first pair was amazingly useful, the second pair was still good, but the third was overkill.

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Producers want to use every part of the chicken, so they use the gullet and other parts not suitable for raw cuts to produce them, so they can profit even more.

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A raw material of UGGs, a cost of production, is Australian Merino Sheepskin.

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The prices on the Epipen (the traditional treatment for anaphylaxic shock) have gone up, so I think more sources of these types of medicine will arise

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I buy the Target brand face wash instead of the Neutrogena face wash because it is so much cheaper.

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Right after I get paid, I always get a Starbucks coffee, even if I don't want it, because I just have extra money hanging around.

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This summer, I bought 4 swim suits when I was only looking for 1 because Victoria's Secret was having a sale.

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Understanding supply and demand helps me, as a consumer, to comprehend why prices are so high and so low. As a producer, it helps me to choose what to produce and for how much to sell my products.