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Ie se pe
- 5. Px Qx Px Qx
- 11. Normal Good I Inferior Good I Qx Qy Qy 0 Qx Qx0 Qx1 Qx 0 Qx Qx1 Qx0
- 12. Normal Good I Inferior Good I Qx Qy Qy 0 Qx Qx1 Qx0 Qx 0 Qx Qx0 Qx1
- 17. Relative price changes (S.E.) Real income changes (I.E.)
- 18. Relative price changes (S.E.) Real income changes (I.E.)
- 19. S.E. -ve I.E. Px Px Qx Qx normal gd +ve I Qx I Qx inferior gd I Qx -ve I Qx
- 20. Case 1 Qx S.E. : Px Qx normal gd : I Qx +ve I.E. inferior gd : I Qx -ve
- 21. S.E. : Px Qx normal gd : I Qx +ve I.E. inferior gd : I Qx -ve Qx ?
- 22. S.E. Px Qx S.E. I.E. I.E. S.E. I.E. inferior gd I Qx Qx Qx Case 2 Case 3
- 23. Summary -ve S.E. & +ve I.E. Qx & Qx Px -ve S.E. -ve I.E. Qx Qx -ve S.E. -ve I.E. Qx Qx Qx Case 1 normal gd Case 2 Qx inferior gd non-giffen case Qx Case 3 inferior gd giffen case
- 24. Case 1 Normal good S.E. Qx Qy -ve Px I.E. Qx +ve 0 Qx0 Qx0’ Qx Qx1 Qx
- 25. Case 1 Normal good S.E. Qx Qy -ve Px I.E. Qx +ve 0 Qx0 Qx0’ Qx Qx1 Qx
- 26. Case 2 Inferior good, non-giffen case Qy S.E. Qx Px -ve S.E.I.E. I.E. Qx -ve 0 Qx0 Qx1 Qx0’ Qx Qx
- 27. Case 2 Inferior good, non-giffen case Qy S.E. Qx Px -ve S.E.I.E. I.E. Qx -ve 0 Qx0 Qx1 Qx0’ Qx Qx
- 28. Case 3 Inferior good, giffen case Qy S.E. Qx -ve Px S.E.I.E. I.E. Qx -ve 0 Qx1 Qx0 Qx0’ Qx Qx
- 29. Case 3 Inferior good, giffen case Qy S.E. Qx -ve Px S.E.I.E. I.E. Qx -ve 0 Qx1 Qx0 Qx0’ Qx Qx