Tags
#6-revisiting-demand-function #cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #study-session-4

Question
Notice first that the [...] are not the same. In the upper diagram, we represent the quantity of the other good, wine, whose price is being held constant, along with income. Hence, the budget constraints all have the same vertical intercept.
vertical axes

Tags
#6-revisiting-demand-function #cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #study-session-4

Question
Notice first that the [...] are not the same. In the upper diagram, we represent the quantity of the other good, wine, whose price is being held constant, along with income. Hence, the budget constraints all have the same vertical intercept.
?

Tags
#6-revisiting-demand-function #cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #study-session-4

Question
Notice first that the [...] are not the same. In the upper diagram, we represent the quantity of the other good, wine, whose price is being held constant, along with income. Hence, the budget constraints all have the same vertical intercept.
vertical axes

#### Summary

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