Topic 5: Ripple effects and Elasticity

The ripple effects of the oil are carpets, baby diapers, and anything things else that is related the oil can increase their prices and quantities. It does affect my family and I because my family will use MRT or bus more often than riding a motorbike or a car, and we might try to use less baby diapers or we might find substitutes for my little brother. Water has a lot of impact and inter-connection with many other productions because nearly every products are produced by water such as drinks, food, and other stuff all need water in order to be produced . Elasticity and inelasticity are both in the oil because people respond inelastic or elastic. The elastic goods that i have are cell phone, money, lottery ticket, and jewelry because they are can be substitute by other product and  things, however, i have inelastic goods such as salt and gasoline because we can't find barely any substitution for them, so we it's really inelastic.