discuss ALL the demands

We've been discussing a few different topics in economics lately, and to name a few: complementary, substitute, inelastic, and elastic demand. Sometimes it's hard to relate in class notes and lectures to the real world. LUCKILY, economics is a class based on the real world. In order to make learning a bit easier on myself, I have compiled a list of examples from the above topics and explain why they are important to me and why they're correct.

Firstly, an example of complementary demand in my life would be buying a canvas and a set of paints. You cannot create art without paint but if you have nothing to paint on then the paints are useless. Complementary demand is like the-milk-to-my-cookie; when you have one you need the other. Therefore, I have a canvas, so I need to paint to create my art.

Secondly, an example of substitute demand in my life would be my iPad to my iTouch. Now, I know most people believe them to be very similar, basically the iPad being a larger version to the iTouch, so why is the iPad a substitute? My iTouch is very easy to carry around, and at night I like to listen to music before I sleep. Seeing as the ability to listen to music on that device is unavailable to me, I have to use my iPad to complete this service. It has the same quality when producing the sound of the songs I play comparatively to my iTouch, however, it's so much bigger and more awkward that it does become a hassle. This would be an imperfect example of a substitute good. It is imperfect because I, as the consumer, is not fully satisfied with the service/good as I need it to be.

Thirdly, an example of inelastic demand in my life would be Ginger Ale. No matter how the high the cost of Ginger Ale, I guarantee you I will buy it. My love for Ginger Ale will not shake me, as a consumer, to stop buying this good. This is a correct example because my demand does not increase or decrease with the change in price of this product.

Fourthly, an example of elastic demand in my life would be clothes. I am not going to purchase an eighty-dollar shirt (unless it has an affiliation with Pokemon, The Hunger Games, or Harry Potter) when I can buy two-three outfits in the clearance section for the same price. I know this may not be cut and dry elastic demand because I'm still buying the product, but I am getting more bang for my buck. The essential point to this is, the more expensive an article of clothing is, the less likely I will purchase it.