MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... result that Lisa's consumption of movies increases . For soda , the substitution effect and the income effect work in opposite directions , with the result that Lisa's consumption of soda decreases . The example that we have just ...
... result that Lisa's consumption of movies increases . For soda , the substitution effect and the income effect work in opposite directions , with the result that Lisa's consumption of soda decreases . The example that we have just ...
˹éÒ 439
... result of the life - cycle consumption smoothing described above . Another influence on the supply of capital is the average income level . The higher the level of income , the larger is the supply of capital . A growing popu- lation ...
... result of the life - cycle consumption smoothing described above . Another influence on the supply of capital is the average income level . The higher the level of income , the larger is the supply of capital . A growing popu- lation ...
˹éÒ 611
... result , the price of orange juice rises . Faced with the higher price , peo- ple have an incentive to economize on orange juice and they decrease the quantity demanded . At the same time , the higher price of orange juice induces an ...
... result , the price of orange juice rises . Faced with the higher price , peo- ple have an incentive to economize on orange juice and they decrease the quantity demanded . At the same time , the higher price of orange juice induces an ...
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amount average benefit budget calculate called capital cars CHAPTER choices cloth competitive consumer consumption corn cost curve countries decreases demand curve depends determined dollars economic effect elasticity elasticity of demand equal equilibrium example expected Explain factor falls Figure firms future given graph higher hour household illustrates important income increases individual industry input interest labor less long-run look loss lower marginal cost marginal revenue marginal utility measured million monopoly month opportunity cost output percent percentage person possible preferences problem production profit quantity demanded questions regulation relationship rent result rises scale sell shifts short-run shown shows slope soda sold substitution supply curve sweaters tapes theory things tion total cost trade units utility variable wage wage rate wealth week workers