Today I was watching the news and the reporter said that people really depends on oil. I know that all people really depends on oil because oil is use for many things and people really need it, especially the ones that have a car and the businesses or government service like the UPS, airlines, public storage, and FedEx. These pass days have been bad for most people because they are losing there jobs and most of them have to depend on others family member’s. Now I limit myself to waste less money on my wants and more on the things I really need and are necessary for me to survive. My neighbor lost her job and now her mom and family and her helping her but she is looking for a job. I mostly get from one place to another in my dads car, he take me to school in the morning and then when I have to go somewhere far or almost near to my house he takes me, he uses oil for the car so we can get from one place to another as well as all the people that have a car or work in a business that have to go from one place to another using oil. I think that elasticity plays a role in this economic crisis because if the price of the gas/oil changes then the consumers will respond to the given change in the price but they would not stop buying it because if they own a car they wouldn’t want to go to a place walking so it will impact the people but they would still pay for it.
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