Income and Substitution Effects: Graphical Analysis for Intermediate Microeconomics

The graphical analysis of the income and substitution effects is an important part of consumer theory that is commonly taught at the level of intermediate microeconomics. Few textbooks, however, devote much discussion of these effects for perfect substitutes. The purpose of this paper is to fill that gap by producing a more complete graphical analysis of the subject matter and thereby enhance student learning.

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Year of publication:	2014
Authors:	Leung, Ambrose ; McGregor, Maureen ; Chesney, Justin
Published in:	Journal for Economic Educators. - Economics and Finance Department. - 2014, 1
Publisher:	Economics and Finance Department
Subject:	consumer theory \| income effect \| substitution effect

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Extent:	application/pdf
Type of publication:	Article
Classification:	A22 - Undergraduate ; D11 - Consumer Economics: Theory
Source:	RePEc - Research Papers in Economics

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