Income & Substitution Effect – Microeconomics Explained under one minute! 📈💡
0:27
YouTubeScience Prodigy
Income & Substitution Effect – Microeconomics Explained under one minute! 📈💡
Explore how a price decrease affects consumer choices! Watch how the budget line rotates when the price of X falls, see the substitution effect as the consumer moves to maintain previous utility, and discover the income effect that shifts the consumer to a higher indifference curve, increasing utility. This process is visualized step-by-step ...
已浏览 15 次1 周前
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