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In this article New York City's health commissioner believes that the demand for cigarettes is price elastic and that with a high enough increase in price, there will be a large decrease in demand. This is contrary to the the notion that addictive goods have inelastic price elasticity of demand.

The demand for plastics has increased and is expected to grow even stronger due to the eradication of taxes by the government, which has logically lowered prices. Elasticity is here referred to as demand for plastic increases due to the decrease in prices. However, plastics industry fears a decrease in demand if taxes are re-established; referring to elasticity as well.

This article statistically explains how price elasticity negatively affects Altria.

This article talks about Ford Motor's involvement in the auto market. The article cites statistics showing that sales are falling, which means that the demand is elastic. The attempt to sell cars for a low price in India also shows that the demand for cars is elastic, as people are not willing to pay a high price for them.

With growing health concerns like obesity and diabetes, the US government is considering placing an additional tax on sugary drinks. The profits from the tax could go to fund health care initiatives. Soda is fairly price elastic - if the price were to change drastically, the demand for it would most likely decrease. So, either people will immediately curb their appetite, or the government will take the additional profits from the tax to educate the population about the adverse effects of sugar overdose.

This article promotes Portugal as a place where to buy houses for summer and holidays; it refers to elasticity as the propaganda views that during holidays there will probably be an increase in demand due to the remanining accessible prices of houses in Porto and Lisbon. Since prices are good, demand at summer will tend to increase.

This article is about how the financial crisis of 2008 has affected the market for luxury yachts in the Middle East. The article reports that sales of leisure boats are expected to plunge up to 75% as people are less willing to splurge on luxury goods. This shows that the YED for luxury yachts is relatively elastic, as the loss of income resulting from the crisis has caused a greater than proportional change in quantity demanded.

This article is about market for high-end and luxury goods in Asia. With an increase in income and spending power, there has been an increase in the demand for luxury goods.The article also highlights the movement of these luxury markets from NY and Geneva as a result of the economic crisis. Income has decreased in these places, therefore demand for luxury items has decreased.

This article reports on the closing of a high-end steakhouse in Vancouver. The demand for expensive food has dropped as incomes have faller due to the recession. This means that this sort of fancy restaurant has a positive income elasticity. As income falls, demand falls.

Because the US citizens are not using natural gas, the Energy Information Administratino reported that the gas is nearing the US storage capacity. The price for natural gas is severely dropping and may drop even more. However, it is assumed that the price for natural gas to spring back as winter approaches. Because of such cheap price, people will choose to use natural gas in the coming winter.

This article from the Ennhar Online shows the relative inelasticity of demand for cigarettes and tobacco in Algeria. The government has increased the price of cigarettes, tobacco and chewing tobacco several times, as well as imposing a hefty tax on importing and producing tobacco related goods. However, this has had little effect on the people of Algeria, who continue to smoke despite increasing prices. Because tobacco is an addictive substance, this has caused the PED to be inelastic.

This article explains the concept of PED and how that affects tax increases

Japanese woman were one the of "the world's biggest spender on luxury product" and they would happily part with a month's rent or even salary for designers handbangs, scarfs, clothes, and shoes. However, the economic downtown caused by the worldwide crisis has brought wages into a 15 months fall and unemployment rate to exceed 5%. Luxury brands are goods that are heavily effected by the overall health of the economy and the wages of the consumers

With the current recession, many consumers have switched from luxury car brands to inferior ones. With the decrease in income, people have switched to car brands that are more affordable but still enable mobility. As a result, the luxury car industry has seen a decrease in sales from previous years.

This articals explains how seafood at a large canadian seafood company try to keep steady prices with a very inacurate knoledge of what fish will be caught and the demand on that determined by price of the amount of fish in the stores. Currency can rapidly rise and fall in canada for fish markets suffer.

This article is about imposing a tax for the sole purpose of increasing revenue to put towards health care. The article talks about putting a percentage tax on all goods. In total, the burden of the tax should be spread out as there is a range of elasticities of goods being taxed.

Along with the many countries throughout the world experienced harship over the economic recession, Canada was also one of them. Despite this crucial damage, Canada is starting to show some improvements from the damage. A Vancouver-based company, Telus Corp. annouced that there had been a weak eocnomic growth in the industry.