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HomeMIT 14.01 Principles of Microeconomics, Fall 2023Lec 4: Demand Curves and Income/Substitution Effects
MIT 14.01 Principles of Microeconomics, Fall 2023

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Lec 4: Demand Curves and Income/Substitution Effects

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Lec 5: Production Theory

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In this lecture, Prof. Gruber talks about demand curves. Topics covered include deriving a demand curve, the shape of a demand curve, income shifts, and the effects of price change. Keywords: demand curves, income substitution, income shifts, price change