File:Optimal bundle reaction to changes in income.png
Size of this preview: 740 × 600 pixels. Other resolutions: 296 × 240 pixels | 592 × 480 pixels | 947 × 768 pixels | 1,036 × 840 pixels.
Original file (1,036 × 840 pixels, file size: 55 KB, MIME type: image/png)
 | This is a file from the Wikimedia Commons. Information from its description page there is shown below. Commons is a freely licensed media file repository. You can help. |
Summary
| Description |
English: The consumer's optimal consumption bundle on their original budget line is point A. When their income is increased their new budget line is shifted out to BL'. Where the consumer will consume on BL' depends on their preferences of the goods x and y. If they are normal goods the consumer's optimal bundle will move to C, if x is an inferior good they will move to point B, if y is an inferior good they will move to point D. |
| Date | |
| Source | Own work |
| Author | Cromwellecon |
Licensing
I, the copyright holder of this work, hereby publish it under the following license:
This file is licensed under the Creative Commons Attribution-Share Alike 4.0 International license.
- You are free:
- to share – to copy, distribute and transmit the work
- to remix – to adapt the work
- Under the following conditions:
- attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- share alike – If you remix, transform, or build upon the material, you must distribute your contributions under the same or compatible license as the original.
|
This media file is uncategorized.
Please help improve this media file by adding it to one or more categories, so it may be associated with related media files (how?), and so that it can be more easily found.
Please notify the uploader with {{subst:Please link images|File:Optimal bundle reaction to changes in income.png}} ~~~~ |
File history
Click on a date/time to view the file as it appeared at that time.
| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 00:25, 23 April 2021 | | 1,036 × 840 (55 KB) | Cromwellecon | Uploaded own work with UploadWizard |
File usage
The following pages on the English Wikipedia use this file (pages on other projects are not listed):
