Lecture 3: Income and Substitution Effects

Name: Lecture 3: Income and Substitution Effects
Uploaded: 2022-08-31T20:12:38Z
Duration: 1 h 1 min 8 s
Description: This lecture shows how to make predictions about the impact of price and income changes on households, and whether household welfare improves or deteriorates.

1:01:08

Up Next

Lecture 4: Production and Profit Maximization

Continue

This lecture shows how to make predictions about the impact of price and income changes on households, and whether household welfare improves or deteriorates.