Micro 2.4-Determinants of Elasticity Mashup

High Excess Productive Capacity

High Storage Capacity

Good is Low % of Income

Low Resource Availability

Large Number of Available Substitutes

High Resource Mobility

Low Resource Mobility

Short Time Horizon for Producers

Narrowly Defined

Broadly Defined

Good is High % of Income

Long Time Horizon for Consumers

Little Storage Capacity

High Resource Availability

Few Firms

Many Firms

Short Time Horizon for Consumers

Little Excess Productive Capacity

Necessity

Low Number of Available Substitutes

Luxury

Long Time Horizon for Producers