# data[].attributes.headline
15. Technology's Effect on Elasticity of Supply

# data[].attributes.subject
15. Technology's Effect on Elasticity of Supply

# data[].attributes.body
For retail stores such as Nike, they have online stores that make it easier for people to purchase more products more easily. More people are able to purchase the product and therefore the products run out of stock faster. This causes the supply to be more elastic because as the price of the supply increases, the demand decreases because it is unlikely everyone still needs the product because it was so easy to access the first time.

# data[].attributes.body
I have always had a large infactuation with concerts and live sporting events. While these are all very interesting, there is always a limit to how many people can go to every sporting event or concert. While I wanted to go to the Superbowl this year, I was unable to because there were not enough tickets. I also want to go to the Khalid concert in May, but I am unable to because the tickets have sold out.

# data[].attributes.body
Not too long ago, hoverboards were a. dry popular product. While the price was high, the demand for them was even higher. Many people wanted them for Christmas, birthdays, or even bought themselves one just because it was a fad. The companies kept up with this demand for the product and were able to produce enough for all the people that wanted them and they were able to do it quickly. When they first became popular my brother ordered one and received it within two weeks without being on backorder.

# data[].attributes.body
I have always had an infatuation for shoes, wether it be boots, sandal, or tennisshoes. I have over 90 pairs of shoes. I buy shoes whether they are $30 or $400. If the price of these shoes increased, I would still buy them because of my infactuation with them. The price of shoes is irrelevant to me because I prioritize them and they are a necessity.

# data[].attributes.body
Outside of work, people travel mainly for enjoyment. If the price of airline services increases, most people are likely to not travel as much as they used to. If a plane ticket increases from $200 to $800, people that were traveling for self enjoyment are more likely not to purchase airline tickets. The increase in price in airline tickets will cause a decrease in the quantity demanded.

# data[].attributes.body
If the price of fidget spinners increased, less people would buy them. They would substitute them by making their own or stop buying them completely. Fidget spinners began at around $4 and some have increased to around $20 a piece so less and less people bought them than those who had originally bought them at a cheap price.

# data[].attributes.body
Health care is something that everyone needs, if you are having a heart attack you are not going to say you can't go to the hospital because you can't afford it. Health care increases annually, whether you pay to go to the hospital yourself or you pay for insurance through your work, most people will pay for insurance. If the price of health care increases, the amount of people purchasing health care will not decrease by much if any.

# data[].attributes.body
While people can substitute one home for another, if all home prices increase, they will still be bought because people need a place to live. There are 4 million dollar homes that people purchase, if the price of these homes increases people are still going to be willing to purchase these homes because they have to have a place to live.

# data[].attributes.body
When I was little I ate pizza like no other. I ate it more than twice a week. One day, when I was 9 years old, I was home alone and ate an entire pizza on my own. Later that night I puked so much. I then was not able to eat pizza for years following, I no longer enjoyed or craved it as I did before.

# data[].attributes.body
A very popular new product lately has been electric cars. People have begun buying electric cars more, therefore there have been more electric cars from different companies. The main use for electric cars was to prevent the use of gas and diesel. People have began creating more of these cars at a cheaper price in order to help more people be able to afford them. More companies have also been creating these cars in order to get onto the bandwagon and make their own money making theirs cars.

# data[].attributes.body
When I buy clothes, the material of the clothes is very important. When buying clothes it is important to look at the material, stitching, and how well things are put together. The better these things are, the more expensive the product will be for me to purchase. The things that cause this price to be higher are the price of the materials and the labor. The costs of these during the production are the main cause of the consumer price.

# data[].attributes.body
Better internet quality, the price of internet organizations will increase, so will the suppliers. People are constantly looking for ways to make money, often this is done by competing. If one internet quality is better than the other they will produce more internet access for their consumers. The increase in supply is caused by the increase in demand for the internet, as the world we now live in is based off of the internet.

# data[].attributes.body
This year I will substitute my car for an SUV as you go to college. While cars can be a lot easier to maneuver and have better gas mileage, an SUV holds more stuff and has a better sale value. While a car and an SUV can have similar sale value's when they are new, when you go to resale the vehicle the trade-in value for an SUV is much higher than the trade-in value on a car. Car's depreciate much more in value than an SUV does.

# data[].attributes.body
One time I was at a friends house in Fort Collins and had left my car at home and rode with another friend there. Later that night, the friend that drove me to the kick back, told me they planned on staying there and told me to call an uber. While I was more than willing to take an Uber back home, I only had 4 dollars in cash with me and that obviously wasn't going to pay for my Uber. Therefore, I had to use a friends account and use a RAM Ride, which is a free Uber like service for CSU students.

# data[].attributes.body
While usually, I only go shopping at The Buckle for clothes a few times a year because they are so expensive, this changed when I began working there. I got a 40-60% discount on clothes all the time when I worked there, and while I was getting paid a decent amount of money, I also got a good discount, which decreased the amount I had to pay for their clothes. I spent more money when I worked there from June to December in 2017, than I had in my entire life.

# data[].attributes.body
Understanding supply and demand is important in my life because if helps me to understand why things are priced at the price they are. It also is important to me because the utility of something is more important than the price of a good or service, and that is important for people to understand.