![]() |
chi flat iron limited edition in Figure 21-7
bination of Pepsi and pizza. In other words, the consumer can now reach a higher
indifference curve. Given the shift in the budget constraint and the consumer's preferences as represented by his indifference curves, the consumer's optimum moves from the point labeled "initial optimum" to the point labeled "new opti- mum." Notice that,wholesale Tampa Bay Lightning jerseys, in Figure 21-7,equipment needed for p90x workout, the consumer chooses to consume more Pepsi and more pizza. Although the logic of the model does not require increased consump- tion of both goods in response to increased income,chi flat iron limited edition, this situation is the most com- mon one. As you may recall from Chapter 4,christian dior shoes for women, if a consumer wants more of a good when his income rises,new beats by dr dre, economists call it a normal good. The indifference curves normal good in Figure 21-7 are drawn under the assumption that both Pepsi and pizza are nor- a good for which an increase in mal goods. income raises the quantity demanded |
All times are GMT. The time now is 09:04 AM. |
Powered by vBulletin Version 3.6.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Free Advertising Forums | Free Advertising Message Boards | Post Free Ads Forum