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Unformatted text preview: 2? A. Substitution effect B. Income effect C. Cant tell X 1 X 2 B A C 1 C 2 C 3 C 4 1/4/2008 7 HINTS A to B is sub effect. Always to cheaper good Normal and inferior: These tell whether C is: Left or right of B, for good 1 Below or above B, for good 2 Substitutes, complements, or Giffen. These tell whether C is Left or right of A, for good 1 Below or above A, for good 2 X 1 X 2 B A C 1 C 2 C 3 C 4 1/4/2008 8 Approximate Exam Breakdown: >=95 A+ >=87.5 A >=80 A >=72.5 B+ >=65 B >=60 B >=55 C+ >=50 C >=45 C Max: 100 Min: 22 Mean: 64.6 Median: 64...
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This note was uploaded on 04/10/2008 for the course ECON 100A taught by Professor Babcock during the Spring '07 term at UCSB.
 Spring '07
 Babcock

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