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Indifference Curves - Rising Income and Inferior Goods

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 21 Mar 2021

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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).

Indifference Curves - Rising Income and Inferior Goods

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Indifference Curves - Rising Income and Inferior Goods
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