Microeconomics,, 16th Canadian Edition
- The Consumer’s Demand Curve
- Market Demand Curves
D. 6.2 Income and Substitution Effects of Price Changes
- The Substitution Effect
- The Income Effect
- The Slope of the Demand Curve
a. Giffen Goods
b. Conspicuous Consumption Goods
E. 6.3 Consumer Surplus
- The Concept
- The Paradox of Value
F. Summary
- 6.1 Marginal Utility and Consumer Choice LO 1, 2
- 6.2 Income and Substitution Effects of Price Changes LO 3
- 6.3 Consumer Surplus LO 4, 5
G. Key Concepts
H. Study Exercises
- Fill-in-the-Blank
- Review
- Problems
I. Appendix to Chapter 6 Indifference Curves
- 6A.1 Indifference Curves
a. Diminishing Marginal Rate of Substitution
b. The Indifference Map
- 6A.2 The Budget Line
a. Properties of the Budget Line
b. The Slope of the Budget Line
