Micro 2.4-Determinants of Elasticity Mashup

High Resource Mobility

Low Resource Mobility

Low Number of Available Substitutes

High Storage Capacity

Good is Low % of Income

Little Storage Capacity

Broadly Defined

Long Time Horizon for Consumers

High Resource Availability

Narrowly Defined

Low Resource Availability

Short Time Horizon for Consumers

Necessity

Long Time Horizon for Producers

High Excess Productive Capacity

Little Excess Productive Capacity

Few Firms

Good is High % of Income

Short Time Horizon for Producers

Many Firms

Large Number of Available Substitutes

Luxury