Indifference Curves - Rising Income and Inferior Goods
- A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This short revision video takes you through the key analysis diagram when using indifference curves to show the effect of a rise in real income when one of the products is normal and the other is inferior (with a negative income elasticity of demand).
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