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This article discusses how oil is becoming an inelastic good. Although people can arrange their lives to reduce their consumption of oil, quickly there comes a point where it is not possible to purchase a smaller amount of oil. Oil would definitely be considered an essential good.

The article evaluates elasticity in terms of oil supply and demand. it states that there are still untapped oil reserves which are more expensive to obtain and requires more time. As a result, oil is becoming less elastic. it talks of possible ways of reducing oil consumption such as public transport or getting a more fuel efficient vehicle which is unlikely as it is expensive. it also evaluates the the elasticity of supply. it talks off how suppliers need a minimum price/barrel in order to keep a balanced budget so suppliers are reluctant in increasing supply in order to reduced the prices. It provides data over a 10year time period which analyses the oil consumption and supply of oil in terms of different uses and change in costs. It also relates it to the recession stating that job loss has lead to less people commuting decreasing demand and increasing price

The article is about in which countries what type of products are more elastic and inelastic. For example, milk bread has inelastic demand because even though the prices change people will still buy them to survive. Otherwise, meat, chicken has inelastic demand because people might not afford the prices if they change. Especially USA, Japan, Canada has the most inelastic demand for milk, bread and vegetables when you compare them with other nations.

In this article we can read about price and demand elasticity of food, it's written that demand for some product such as milk, bread, fresh fruit and vegetables is not elastic, because these product are part of diet food so that's why the change in price won't affect demand very much. However other it can affect the demand of some other that not suits to diet food very much.

This article is interesting because it talks about the inelasticity of tobacco. The article says that if the elasticity of demand is between 0 - 1 then it is inelastic and tobacco is 0.61. What this means is that although the price may change for tobacco, the demand remains relatively stable. This is cause for a lot of fluctuation because retailers realize they can change the price is maintain a demand. However, if the price were to increase drastically, this could bring the elasticity of demand above 1 and cause it to become elastic. 

I really enjoyed this article because it analyses the elasticity of Gasoline, and in the book i believe that they said that it was always 0 but here they say otherwise. Very interesting article.

The expenses are rising (decreased supply) but the demand is still the same. Therefore, elasticity decreases.

The annual "Student Price Index" released yesterday by the Kansas State Economics Club shows that the prices for common goods purchased by students has increased by about 3.7% in the past year. However, not all goods have been affected equally. For example, prices for textbooks have actually decreased while the prices for internet services have risen 8%. These differences are due to primarily to elasticity. Daniel Kuester, the director of undergraduate economics at the university, explains that for products like pizza, the availability of many substitutes makes the good elastic, making it less likely to be affected by inflation.

This article talked about the elasticity of gasoline. As the price increase 10 percent, the demand reduce by 7 percent, which prove that gasoline is inelastic product. That make sense because gasoline is a necessary product: to keep the cars run.

 Sony has managed to get rid of the competing technology,the HD DVD.   Instead of an increase gain in market share,Sony has had a decrease in  market share. The reason is that people are savvy to the pricing strategies that vendors use. They understand that with no competition, Sony will eventually have to lower its own price.  In taking out competition Sony has caused a decline in its own products.

The article is an analysis of the Tyson Foods company. The article starts by surmising that the company is 30% undervalued. The article also continues into justifying why there might possible be the reduced price. The article also mentions some food products and talks about their elasticity or in-elasticity. According to the article many foods are inelastic because people buy only as much as they want to buy and the foods have a strong consumer base.

This article is interesting due to the fact that it looks at the elasticity of products such as meat which considered a necessity in many places of the world.

This article talks about how increased grain prices will affect well-developed countries where the price elasticity of meat and corn is low.

This article states that the price of gas will drastically drop by as much as $0.50. Gas companies are predicting that there will be a huge increase in gas consumers when the prices start to drop. This will also be affected a lot by the presidential campaign because gas prices are a huge issue.

Gas prices in California have soared to over $5 a barrel in recent weeks. This causes everyone to feel pain at the pump and try to fill up fewer than they have in the past. However, people cannot live without gas, and thus the gas industry has not suffered.

This article shows how the demand for bought food has lowered as the price rose. People can no longer readily afford food and so they have tried to grow their own. This article shows some people in Singapore who have created a mini greenhouse in their city.

The article talks about the "war" between tablets. It is predicted that Apple's new table 'iPad mini' will be more cheap than the privious iPads so it will have a higher demand which will make it very competive between the other companies who were selling the tablets for a much cheaper price than the Apple's tablets will now have a run for their money.