Examples of Elastic Goods

Elastic goods are those goods the demand for which changes with the change in price of that good, so if a manufacturing company increase the price for that good then its demand will fall and if it reduces the price of that good then demand will increase. One of the feature of elastic good is that they have close substitutes and that is the reason why consumers switch from high priced product to lower priced product Given below are some of the examples of elastic goods or products –

  1. Televisions
  2. Cosmetics products like soaps, conditioner etc…
  3. Mobiles
  4. Movie tickets of Multiplex
  5. Soft drink
  6. Toys
  7. Branded Cloths
  8. Computers, laptops and other such electronic items
  9. Flight Tickets
  10. Cars

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