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| Title Details: | |
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Changes in consumer equilibrium |
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| Authors: |
Tsounis, Nicholas |
| Reviewer: |
Agiomirgianakis, George M. |
| Description: | |
| Abstract: |
The change in consumer equilibrium created by changes in income and price is examined, and the income-consumption, price-consumption, and Engel curves are constructed. The income effect and the substitution effect on quantity demanded after a change in the price of a good for normal, inferior, and Giffen goods are explained by diagrammatic analysis.
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| Linguistic Editors: |
Antonopoulos, Yannis |
| Graphic Editors: |
Stavropoulos, Ilias |
| Type: |
Chapter |
| Creation Date: | 16-01-2024 |
| Item Details: | |
| License: |
Attribution - NonCommercial - ShareAlike 4.0 International (CC BY-NC-SA 4.0) |
| Handle | http://hdl.handle.net/11419/12150 |
| Bibliographic Reference: | Tsounis, N. (2024). Changes in consumer equilibrium [Chapter]. In Tsounis, N. 2024. Theory of the Consumer Behaviour [Postgraduate textbook]. Kallipos, Open Academic Editions. https://hdl.handle.net/11419/12150 |
| Language: |
Greek |
| Is Part of: |
Theory of the Consumer Behaviour |
| Publication Origin: |
Kallipos, Open Academic Editions |