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Economics

Student Videos

Indifference Curves - Rising Income and Inferior Goods

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

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

Slideshare version of this revision presentation

Indifference Curves - Rising Income and Inferior Goods

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