1) Complimentary- Ice cream and hot fudge both have a spike in how much people typically buy since hot fudge companies have had to drop their prices on it.
2) Substitute- As costs of blush and concealer goes up (Makeup to cover acne and redness in peoples faces) more and more women are simply going with the natural look as they buy acne cream instead of the make up to cover their blemishes
3) Elastic- Chickens have gotten so expensive that very few people are buying them
4) Inelastic- Electricity prices have sky rocketed as people are forced to cut elastic expenses out of their lives just to pay for the electricity bill. Despite the infuriating remarks towards the companies, electricity just isn't as easy to get to anymore. People all around are drastically changing their lives in order to pay the bill.
No comments:
Post a Comment