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Companies are beginning to produce VR Headsets. The demand is going up for this new technology, so companies are starting to up their production of these new items.

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I've always wanted this one awesome hunting knife i saw one day, but never could get it because it is now discontinued. This makes for an inelastic supply because they cannot make anymore to sell.

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The Iphone 7 was recently released and many people wanted to buy it, so demand went up very very high. Apple was able to sell everybody a phone and continues to each day.

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I see video games as an inelastic demand because i persona;ly like to game because it brings me fun and joy and to some people, they see absolutely no reason to game.

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Many people clean their clothes at home in their washers and dryers, nut there are some people who use dry cleaners to do their laundry instead. This is an elastic service because some people need it and others do not.

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People have an elastic demand for mother's day cards because the day is only one day per year, so nobody will want mother's day cards until it is near the correct day

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People will always rely on police to keep the community safe and stable so they may proceed with their daily lives. Police would be an example of a inelastic service because they aid the community to flow smoothly.

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People rely on electricity many many times during their day. Electricity will always hold a stable demand in our world and it does very little to vary in demand, making it inelastic.

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I experienced diminishing marginal utility from chugging a half gallon of milk in 5th grade. The milk was good for a bit, but near a half the jug, it wasn't as good as it was at first. Just after half the jug, i couldn't drink anymore, i was done.

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People who mine and produce gold will be very cautious with waste as gold is very valuable. It is a very valued rsource, thus people will do as little as they can to waste it.

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I buy gas for my vehicle so the company would rather make more gas for there are more ethanol vehicles on the road than diesels, so the fuel companies will not make as much diesel fuel, but focus their attention on more ethanol fuel.

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I believe that smartphones will be in higher production because phones are in great demand and always will be, so companies will always up their production to maximize sales.

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I was going to buy a pack of gummyworms from walmart and i was deciding between an official gummyworm company, or walmart's off-brand gummyworms. I decided to get the off=brand because it was $2.40 cheaper than the other ones.

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I had just gotten a nice check from work and felt i could treat myself and went and bought a new subwoofer setup for my truck that i wouldn't have bought before my check. I felt like i could afford it since i just got money from work.

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I was buying a toothbrush and i saw a for $5.00 i liked, but i decided to get one for $3.00 instead because it does the same function, but for a lower price.

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Understanding supply and demand helps me understand my local economy because i can learn why certain prices of things go up and what caused it.

Things such as Gas go up in price due to a lack in fuel production by industries. it's this relationship that drives economies.