MicroeconomicsAddison-Wesley, 1994 - 655 หน้า |
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หน้า 192
... Effect. The Demand Curve a This analysis of the effect of a change in the price of movies enables us to derive Lisa's demand curve for movies . Recall that the demand curve graphs ... Income A Change in Price: Income and Substitution Effects.
... Effect. The Demand Curve a This analysis of the effect of a change in the price of movies enables us to derive Lisa's demand curve for movies . Recall that the demand curve graphs ... Income A Change in Price: Income and Substitution Effects.
หน้า 194
Michael Parkin. CHAPTER 8 POSSIBILITIES , PREFERENCES , AND CHOICES Price Effect , Substitution Effect , and Income Effect CHAPTER 8 POSSIBILITIES , PREFERENCES , AND CHOICES READING BETWEEN. FIGURE 8.10 Soda ( six - packs per month ) 10 ...
Michael Parkin. CHAPTER 8 POSSIBILITIES , PREFERENCES , AND CHOICES Price Effect , Substitution Effect , and Income Effect CHAPTER 8 POSSIBILITIES , PREFERENCES , AND CHOICES READING BETWEEN. FIGURE 8.10 Soda ( six - packs per month ) 10 ...
หน้า 195
... income . It looks at the income effect . The substitution effect always works in the same direction - the consumer slides along an indif- ference curve , buying more of the good whose price has fallen . The direction of the income effect ...
... income . It looks at the income effect . The substitution effect always works in the same direction - the consumer slides along an indif- ference curve , buying more of the good whose price has fallen . The direction of the income effect ...
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allocative amount average total cost benefit budget line bushels buyers calculate capital cars change in price CHAPTER choices competitive consumer surplus consumption cost curve decreases demand and supply demand curve economic economists elasticity of demand equal equilibrium example factors of production falls Figure firm's firms graph haircuts higher hour household income effect increases indifference curve industry inelastic input interest rate isocost labor Lisa Lisa's long-run lower marginal cost marginal product marginal rate marginal revenue marginal revenue product marker pens million tapes monopoly movies and soda oligopoly opportunity cost output percent perfect competition Price dollars production possibility frontier profit quantity bought quantity demanded quantity supplied rate of substitution relationship rent rises sell short-run shows six-packs slope sold supply curve Swanky tapes a week tion total revenue total utility unemployment units utility per dollar wage rate wealth workers zero