Topic Videos
Indifference Curves - Rising Income and Normal Goods
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This short revision video consider how demand for two normal goods (with a positive income elasticity of demand) is affected when real income increases. The video uses indifference curve analysis to show how a rise in income causes an outward shift in the demand curve.
Slideshare version of this presentation
You might also like
Normal Goods
Topic Videos
Income Elasticity of Demand
Topic Videos
Price and Income Elasticities - "Match Up" Activity
Quizzes & Activities
The Budget Line
Topic Videos
Shifts in Market Demand
Study Notes
Explaining Income Elasticity of Demand
Study Notes
Indifference Curves - MCQ Revision Questions
Practice Exam Questions