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Author Question: Suppose you have one point on a demand curve. To plot another point for this demand curve using a ... (Read 129 times)

burton19126

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on: May 24, 2019
Suppose you have one point on a demand curve. To plot another point for this demand curve using a group of indifference curves,
◦ transfer all points from the indifference curve to the corresponding demand curve.
◦ horizontally sum the indifference curves.
◦ change the price of a good, rotate the budget line, and find the new best affordable point. This new price and quantity is another point on the demand curve.
◦ calculate the marginal rates of substitution from the indifference curve and transfer these values to the demand curve.
◦ transfer the budget line so that it becomes the demand curve.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by burton19126 on May 24, 2019

lin77x

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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burton19126

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

pratush dev

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Reply 3 on: Yesterday
:D TYSM

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