Demand Curves and Income/Substitution Effects

If you are deeply involved in the analytical framework of consumer choice and do not mind mathematics and diagrams, it might be beneficial to watch this demonstration of the derivation of different demand curves from the consumer's equilibrium. While not required for this course, it may help you review the concepts and relationships introduced in this unit.

 


Source: Jonathan Gruber, MIT OpenCourseWare, https://www.youtube.com/watch?v=x0scPosOsoI
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.

Last modified: Thursday, November 16, 2023, 3:27 PM