Headlines!!

News Headlines.

Complimentary Demand: "FREE 50 dollar itunes card given away with a purchase of the new Ipad2"

Substitute Demand: "Gas Prices raised to 9 dollars a gallon, time to switch to Hybrids?" 

Elastic Demand:" Non-soda drinkers stalk up on rootbeer with INSANE cheap prices"

Inelastic Demand:"Milk Prices take a jump, yet consumers still crave for it"

150 word description going off of the inelastic demand. MINI ARTICLE

    Across the country invesigators have found out that many of the farmers are not treating their animals the way they should be. Feeding them food that makes the milk intoxicated and poisoning it causing consumers to get very ill. Investigators still don't know why exactly this is happening but it has caused a huge jump at the grocrie stores! From the average cost of milk at 2.50 a gallon milk now costs 8.50. Although it has taken a 6 dollar jump the amount of milk being sold has only slightly decrease. That just brings us  to the point of how much people need this in their every day lives. Milk is taken part of the economic world of being an Inelastic Demand. This means the the price of milk could either drop or become high and the product will still be sold in the same range of numbers. Do you ever wonder how far someone would pay for something they need though?? If invesigators can't find the problem milk may slowly rise to an unreasonable price. Will consumers still purchase their daily dose though? Only time will tell.