ch04 - Demand Analysis Downward­Sloping Demand Curve for...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Demand Analysis Downward­Sloping Demand Curve for Hamburgers Representative Utility Function for the Consumption of Goods and Services Representative Indifference Curves Based on Table 4.1 Data Indifference Curves with Continuous Substitution of X and Y Income and Substitution Effects Following a Reduction in the Price of Goods Optimal Market Baskets for Consumption Consumption Effects of Changes in Budget and Relative Prices Completely Inelastic Demand Curve: = 0 Completely Elastic Demand Curve: = ­ Price Elasticity of Demand Varies Along Price Elasticity of Demand Varies Along a Linear Demand Curve Relations Among Price Elasticity and Marginal, Average, and Total Revenue ...
View Full Document

This note was uploaded on 11/07/2010 for the course MKTG BA511 taught by Professor Dick during the Spring '10 term at Andrew Jackson.

Ask a homework question - tutors are online