Reflect on the supply and demand applications of elasticity. How does elasticity affect you? Share a personal

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Question:

Reflect on the supply and demand applications of elasticity. How does elasticity affect you? Share a personal scenario or story about how the elasticity of demand or supply of a market has impacted you, your family, your market behavior, etc. This one might be a bit of a stretch (please forgive me), but remember, there isn't a wrong answer. Just make sure you explain why you feel it connects with some part of your life