Cambridge Cambridge International AS & A Level Economics 9708 · 7.2.3
income, substitution and price effects for normal, inferior and Giffen goods
- Code
- 7.2.3
- In
- 7.2 Indifference curves and budget lines
- Topic
- 7 The price system and the microeconomy (A Level)
- Course
- Cambridge International AS & A Level Economics 9708
- Board
- Cambridge
Grade boundaries·Cambridge command words
Codes and titles are read by a script from Cambridge's published specification and have not been checked by a person. What each point covers is in the specification itself: Cambridge’s specification.
Points in 7.2 Indifference curves and budget lines
- 7.2.1 meaning of an indifference curve and a budget line
- 7.2.2 causes of a shift in the budget line
- 7.2.3 income, substitution and price effects for normal, inferior and Giffen goods
- 7.2.4 limitations of the model of indifference curves