'Downward sloping demand' presentation slideshows

Overview

Overview. Demand Supply Underlying principles Factors impacting supply and demand Special S&D curves Chapter 4 in text. Demand. Various quantities of a commodity that an individual is willing and able to buy as the price of the commodity varies holding all other factors constant.

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R. GLENN HUBBARD

490 views • 48 slides

Chapter Outline

PART II FOUNDATIONS OF MICROECONOMICS: CONSUMERS AND FIRMS. 6. Household Behavior and Consumer Choice. Chapter Outline.

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Lecture 6

Lecture 6. Household Behavior and Consumer Choice.

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Chapter 5:

Chapter 5:. Consumer Choices and Economic Behavior. Key Topics. The budget constraint Definition, equation, graph, opportunity cost Impact of ? I, ? P x , ? P y Utility Total and marginal Indifference curve: definition, slope Utility maximization. Key Topics.

483 views • 30 slides