Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.
#6-revisiting-demand-function #cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #study-session-4
Note that the substitution effect is the result of changing from budget constraint 1 to budget constraint 3—or moving the budget constraint along the original indifference curve, while maintaining tangency. Note that in the process, the budget constraint becomes less steep, just as the marginal rate of substitution decreases.
If you want to change selection, open original toplevel document below and click on "Move attachment"
Summary
| status | not read | reprioritisations | ||
|---|---|---|---|---|
| last reprioritisation on | suggested re-reading day | |||
| started reading on | finished reading on |
Details
Discussion
Do you want to join discussion? Click here to log in or create user.