Elastic Demand

Elastic goods and services generally have plenty of substitutes. As

an elastic service/good's price increases, the quantity demanded of that good can drop fast. ...
Other examples of elastic goods and services include furniture, motor vehicles, instrument
engineering products, professional services, and transportation.

Inelastic Demand

Inelastic goods have fewer substitutes and price change doesn't affect quantity
demanded as much. Some inelastic goods include gas, electricity, water, drinks, clothing,
tobacco, food, and oil.

Unitary Elastic Demand

Unitary elastic goods are the requirements needed by the society like education.

Perfectly Elastic Demand

Examples include pizza, bread, books and pencils. Similarly, perfectly elastic demand is
an extreme example. But luxury goods, goods that take a large share of individuals' income,
and goods with many substitutes are likely to have highly elastic demand curves.

Perfectly Inelastic Demand

The most famous example of relatively inelastic demand is that for gasoline. As the
price of gasoline increases, the quantity demanded doesn't decrease all that much. This is
because there are very few good substitutes for gasoline and consumers are still willing to buy
it even at relatively high prices.
Elastic Supply