Скачать презентацию The Theory of Consumer Choice Chapter 21
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The Theory of Consumer Choice Chapter 21
Representing Preferences with Indifference Curves
Representing Preferences with Indifference Curves
Four Properties of Indifference Curves
Four Properties of Indifference Curves
Four Properties of Indifference Curves
Four Properties of Indifference Curves
Four Properties of Indifference Curves
Two Extreme Examples of Indifference Curves
Two Extreme Examples of Indifference Curves
Two Extreme Examples of Indifference Curves
The Consumer’s Optimal Choices
The Consumer’s Optimal Choice
How Changes in Income Affect the Consumer’s Choices
New budget constraint 1. An increase in income shifts the budget constraint outward. . . New optimum 3. . and Pepsi consumption. Initial optimum Initial budget constraint 0 2. . raising pizza consumption. . .
How Changes in Income Affect the Consumer’s Choices
New budget constraint 3. . but Pepsi consumption falls, making Pepsi an inferior good. Initial optimum 1. When an increase in income shifts the budget constraint outward. . . New optimum Initial budget constraint 0 2. . pizza consumption rises, making pizza a normal good. . .
How Changes in Prices Affect Consumer’s Choices
Income and Substitution Effects
Income and Substitution Effects
Income and Substitution Effects
Deriving the Demand Curve
Do All Demand Curves Slope Downward?
How Do Wages Affect Labor Supply?
How Do Interest Rates Affect Household Saving?
How Do Interest Rates Affect Household Saving?
