Elastic products refer to items that can stretch or change shape without breaking, often returning to their original form. Common examples include rubber bands and certain types of fabrics. These products are designed to provide flexibility and adaptability, making them useful in various applications, from clothing to industrial uses. In the context of economics, elastic products can also refer to goods whose demand changes significantly with price fluctuations. For instance, if the price of gasoline rises, consumers may buy less, indicating that gasoline is an elastic product. Understanding elasticity helps businesses and policymakers make informed decisions.