Economics 101: Elasticity of Demand

 

I recently stumbled across a small book on my shelf, Economics in Minutes by Niall Kishtainy, and started flipping through its pages. Lately, I’ve been on a mission to distill the economic behaviors of our society down to their simplest components. Economics often feels so intangible to me—operating on a global scale that’s difficult to grasp from my more human-centered perspective. However, using illustration has helped me tackle some of the more nebulous aspects of economics, making it easier to explore and understand these concepts from a more familiar viewpoint.