How does ce change when incomes increase or decrease

Reference no: EM133625973

Problem: Consumer equilibrium (CE)

Properties of consumer preferences. Basic concepts, eg, indifference curves, budget constraint. Concept of Consumer Equilibrium. Illustrate how changes in prices and incomes can impact consumer choices, eg, how does CE change when incomes increase/decrease? How does CE change when the price of either good increases/decreases?

Reference no: EM133625973

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