AP Notes, Outlines, Study Guides, Vocabulary, Practice Exams and more!

Engel Curves

engel - essentially just demand curves, except w/ respect to income  

  • axes changes to income and just 1 good
  • normal good - increased income >> increased consumption
  • inferior good - increased income >> decreased consumption
  • take demand curve C = (4/5) (I/PC) for instance
    • C changes w/ I >> linear relationship
    • I is independent variable, C is dependent
    • engel curve would be linear line

   

  • income consumption curve for an inferior good
  • consumption of good 1 decreases w/ increasing income by the 3rd budget line >> good 1 is an inferior good
  • consumption of good 2 increases w/ increasing income >> normal good
Subject: 
Economics
Subject X2: 
Economics

Need Help?

We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.

For general help, questions, and suggestions, try our dedicated support forums.

If you need to contact the Course-Notes.Org web experience team, please use our contact form.

Need Notes?

While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!