Please enable JavaScript.

Coggle requires JavaScript to display documents.

Economics in Thailand - Coggle Diagram

- - - - price elastic supply
        
        the responsiveness to the supply of a good or service after a change in its market price.
      - price elastic demand
        
        the degree of responsiveness of quantity demand for a product following change in its price.
    - - price inelastic supply
        
        a change in price causes a smaller percentage change in supply
      - price inelastic demand
        
        buyer's demand for a product does not change as much as its change in price
- - - - g = Government Spending
      - x = export
      - i = Investment
      - m = import
      - c = Consumption