Good Types and Elasticity
About this model
Good types and elasticity explain how demand for normal, luxury, necessity and inferior goods responds differently when income or price changes. Press Play to compare how each type of good reacts.
"Good Types and Elasticity" is a public Machinations diagram shared in the Community by Machinations, with 121 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.
