Demand Curves and Income/Substitution Effects
Completion requirements
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
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Last modified: Thursday, 1 August 2024, 1:23 PM