Professional Documents
Culture Documents
Global Economy
Chapter 3: Appendix
Behind the Market Demand Curve
The Theory of Consumer Choice
PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.
Indifference Curves
PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.
The Budget Line
GF: M = $6, PX = PY = $1
GF’: PX = $2
GF’’: PX = $0.67
PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.
Consumer Equilibrium
PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.
Derivation of the
Consumer’s
Demand Curve
PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.
Separation of the
Substitution and
Income Effect of
a Price Change
PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.