This preview shows page 1. Sign up to view the full content.
Unformatted text preview: her back on the original indifference curve, she would consume this combination of A and B: , 1.5 Q A = . 9 Q B = a. Determine the change in consumption rate of good B due to (1) the substitution effect and (2) the income effect. b. Determine if product B is a normal, inferior, or Giffen good. Explain....
View Full Document
This note was uploaded on 12/28/2009 for the course ECON 120 taught by Professor Walsh during the Fall '09 term at University of Illinois, Urbana Champaign.
- Fall '09