1. Budget Constraint AB 0__ 1 2 3 4 5 6 P A = $12 P B = $2.40 Income = $72 7 6 5 4 3 2 1 0 510 152025 3035 404550.
Chapter 3 Demand Theory. 1. Consumer Choice and the Law of Demand.
CDAE 254 - Class 13 Oct. 10 Last class: 3. Individual demand curves 4. Market demand and elasticity Today: 4. Market demand and elasticity Next class:
