1. Complimentary- "Tim Tebow sponsors new local Hobby Town shop, model car and airplane sales skyrocket!"
2. Substitute- "Taco Bell wraps up more and more customers after the Mcdonalds E coli scare!"
3. Elastic- "As Oreo dunk in quality, sale prices crumble"
4. Inelastic- "Tire prices are rolling higher and higher, revving up angry costumers and empty wallets"
With tires being the only way that cars are even remotely useful, no matter how high the cost, people will always be needing to buy them. Without tires people would have no way of getting to and from places, besides walking, and its sad to say but in today's society, no one is trying to walk anywhere.There is no substitution for tires either. Even buses need tires, and we cant just take the train everywhere. Do trains need tires too? Basically everything that moves needs tires.. I feel like i should stop saying "need tires" so much. But all in all, tires are the perfect inelastic item. If they get eliminated, then so do cars, and a lot of people would not be able to live their lives without a car or mode of transportation. When you really think about it, tires are what make the world go round. ;)
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