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词汇 Income effect
分类 英语词汇 英语翻译词典
释义

Income effect

英语百科

Income–consumption curve

Figure 1: An increase in the income, with the prices of all goods fixed, causes consumers to alter their choice of market basket. The extreme left and right indifference curves belong to different individuals with different preferences, while the three central indifference curves belong to one individual for whom the income-consumption curve is shown.
Figure 2: Income-consumption curve for Normal goods
Figure 3: with an increase in the income of demand for normal good X2 rises while, demand for inferior good X1 falls.

In economics and particularly in consumer choice theory, the income-consumption curve is a curve in a graph in which the quantities of two goods are plotted on the two axes; the curve is the locus of points showing the consumption bundles chosen at each of various levels of income.

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