Chapter Eight:. Consumption and the Consumer Society. Economic Theory and Consumption. Figure 8.1: The Budget Line. Figure 8.2: Effect of an Increase in Income. Figure 8.3: Effect of a Fall in a Price. Table 8.1: Quong’s Utility from Chocolate Bars.
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Consumption and the Consumer Society
Figure 8.5: Revolving Debt in the United States, 1968-2012, Adjusted for Inflation
Consumption in a Social Context Adjusted for Inflation
Figure 8.6: Global Advertising Expenditures, by Country/Region, 2011
Source: Advertising Age, December 5, 2011.
Consumption in an Environmental Context Country/Region, 2011
Figure 8.7: Ecological Footprint per Capita, Select Countries, 2007
Source: Global Footprint Network, www.footprintnetwork.org/en/index.php/GFN/page/footprint_for_nations/
Appendix: A Formal Theory of Consumer Behavior Countries, 2007
Figure 8.8: The Budget Line and Its Slope Countries, 2007
Figure 8.9: An Indifference Curve Countries, 2007
Figure 8.10: Different Levels of Utility Countries, 2007
Figure 8.11: Utility Maximization Countries, 2007
Figure 8.12: Response to a Change in Price Countries, 2007