Indifference Curves - Income and Substitution Effects for Normal Goods I A Level and IB Economics

Описание к видео Indifference Curves - Income and Substitution Effects for Normal Goods I A Level and IB Economics

In this revision video we work through how to show the substitution and income effects arising from a fall in the market price of a product, in our example we see why people are likely to buy more fresh oranges when their price goes down. ​

#aqaeconomics #ibeconomics #edexceleconomics #cieeconomics #ocreconomics

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