Lecture 4 - Class 4 Next week Monday is University holiday...

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Class 4: January 15, 2016 Next week: Monday is University holiday Lecture: Wednesday TA session: Friday Did you try to reproduce the demonstration that the incidence of an excise tax is independent of whether it is charged to the buyer or seller?
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Pure Theory of Choice
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Theory of Choice: Choice Set, Feasible Set Choice Set: X Feasible Set: B B X
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Theory of Choice: Preferences A B C D G E F J H I A C F J B C D E F G H I J
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Theory of Choice: Preferences A B C