Demand Elasticity

1. A Box of Matches - Inelastic. Matches do not cost much money. More people tend to purchase
lighters because they are easier to light and come in handy for things
(ie. smoking, power outage)

2. A Luxury Holiday - Elastic. People have varied ideas of luxurious places to go. The weather
can also have an influence on what you do or where you go.

3. Heinz Baked Beans - Inelastic. Since some consumers have an addiction to beans, they will
tend to be inelastic, plus they might be purchased more during holidays.

4. Computers-Home Users - Inelastic. They are very important and necessary within the home.
Important things like financial records can be stored on them.

5. Computers- Business Users - Inelastic. Pretty much the same as Home Users. Plus,
computers at work are extremely important.

6. Cigarettes - Inelastic. They are addictive and can be considered a necessity. They will be
purchased more if the price goes down.

7. Elastic Bands - Elastic. Not important to have unless you need to hold rolled up papers
together.





Evisu Genes Flare Cut Jeans - $250.00
Carhartt Relaxed Fit Jeans - $27.00

These brands of jeans differ in price because of the maker of the jeans. Ones with more modernized names tend to be more expensive than regular sounding names. Also the style of jeans also play a role in the price. Also a more recognizable name tends to be more expensive, usually.