Vansh Jor THODE EOOEF ony Mickoeconouics - TEST _ 1] = 8 ompui muntaag —poadt fave a neg ative —twoss— a ee - because when kre __pofee of I" 90 8p the =e Bree fy othe ef _oloipn- for example, _ 2 —?; —______|@ er anal petrol ane _tompli men Lax: goods 4o if the oe = priee of cox? fncxease, Ft of & a ae tase ea : demand for fuel ar ce. |An jnctiffaence cusve shows a tombination pf _kwoo a" goods that _gjre a wriumu epum 4athtatton ank Ss : Gevruy thachy mating te worumu tnajteecnt Lm d 7 d e —alengu wave aeciber Lor Aousehola ecpinafeure on Se cercain goo or sevice vasitt unfth Lousethold Pniome & eB toniume'e income effect on oufferent joe S « = ‘—couumer, whtthea the = good Sree is avs the pote? of late LLL OE 7 a om ooo Y etc. ei sot too = po0r facentoge Chang fa oemand = fo- 4% x |0R % = 40% < Prfee Castel of = — Paty Ja fast amended Aemand. in bre ce = #0 “700 =o*# The price thas eltg of demand ft Mmelastic ghee deo 4 je: tee than j. Totar mevenue before chang ¢ Mn_price * fox! = R580 TOLQL sevenue aftu Change iA prite = #P x2 = Re GE Tota sevenue Wht Moacase tum ks fo bo ke26 qhis ie Secqute olemand pr the od it inetash'e whieh in_pniee wilt not cause much change ja Means a Aige demand: searnthesmart| Sanna fe _ ee i | te _ + | tae ~ _ = f{ =. ene \ | a = p, - he = ~ - | = | a z _ > / - a - Ar Quanwey d As the _ fpows , the whole Sudden of the tax —__ ‘aus on the consumer ag the gemano foy the _— | pwauet f en poferty pruartc Wheh meant _& | Bange Pa__ proce wit cause a e0o_dange a. oerrayd" | [znewior volt ase gongs whote _demano fate w | aver price olecacases and income of the coruume negative asrepey of b fnureases Mey Kaye a olemanol saute as__peoplas-_contum 2p? fatome sues they buy _fewes _Pnf eaio3 ods YU 0 d dlearnthesmarternwaypate: _/_/ a. | The consump Aleut b Sunts Of B ana 2 untts of A fo maximise Cees Jap pines: C2eot 460 = 728 cma): be