Income Elasticity of Demand
About this model
Income elasticity of demand shows how player demand for an item changes as earnings rise, with different goods reacting by different amounts. Change the income increase and press Play to compare normal, necessity and luxury goods.
"Income Elasticity of Demand" is a public Machinations diagram shared in the Community by Machinations, with 52 components.
It was created in October 2026 and last edited in November 2026.
Open the diagram in the Machinations app and press Play to watch the resources move, adjust its values to test how the system responds, or remix it to make an editable copy in My diagrams.
