IKEI
t tax discount July marginalutilityofgoodi
uncompensated
9 gitv.pl tigsipideatiang
j
Pi9 Directutilityfunction
Witt budgetshareofgoodi
y q bang
v levelofutility n
YF Ting uncompensated
iight yip ulfly.pl indirectutilityFUNCTION
clv.pl p'glv.pl EXPENDITURE COSTFUNCTION
nij 395 3195 uncompensated
Iisticity
slutsky compensated
g ga p fpga p demand
nij Ej Ifj compensated
Eighty gazg g isweeklypreferredtog
a
Fini
indifferentset
ga isdirectlyrevealedpreftog's Ilga
p p rreas qARpqB
gaisrevealedpreferredtog's
ya www.isp
, ADDINGup su s mma
Epifp y til gilv.pl
Roy'sIDENTITY
Engelaggregation
E Wi Ei 1
jjj
yi fily.pl
Cournotaggregation
g
j.gy.gg
Ogi Vip
income subs
effect t effect Eff jpg dfifpj.ttdfifydfjly.pl
effectof effectof
uncompI
Syfy 1 Ijthprice Ajthprice
demand demand demand
NEGATIVITY
EApiAqi so INTEGRABILITY
1 Addingup
Slutskyequations
g ga pl flpga pl Epi fily.pl y
d Homogeneity
II It at fifty xp fily pl
gilv.apl gilv.pl
Nij Nij t wig
3 Negativity
comp uncomp w x totalbudgetelasticities
ogilv.pl afily.pl dfily.pl a fi
op yip so
marginalrateofsubstitution Md Pi ay
slopeofindifferencecurves 4 Slutskysymmetry
04 29
pg ogilv.pl chip og vip
lug n 04 292
op apppj Dpi
flow pl pl glv.pl Php n
LIAN EXPI
MARSHAL HICKSIAN MEEEE EXP a
Yip guy duly pl pl y
IAN HICKSIAN
MARSHALL
IEEE Exp
IEEE BUDGET
, TYPESOFGOODS
w 2goods if oneis a necessity theothermustbe a luxury
ADDINGUP
Normal q t w a
tiny E 0
g 0 OR
glv.plincreasinging
Luxury w t w a
tiny E 1
q is flypl orglv.pl
Wi increasingin y or N
SUBSTITUTE
ai i wi a p in pj
t
ai t w a t in pj
p fly p or P.glv.pl
y e
NECESSITY w t w a Tiny Ez 1
indepofy
complements git w a t in Pj
y t in pj
y git w a
independentof
glv.pl v
INFERIOR
gt w a
tiny Esco
PREFERENCES
HOMOTHETIC LINEAR
QUASI
wrtgoodi
constantMrs MRSindependentof
q
alongga ng onlydependsongj
wi independentof N y gilv.plindependentof N
Clupl Alp x Blut Clupi p Alpi pj t Pjx Blut
wi independent
ofply
HOMOTHETIC filyplindependentofy
PREF
HOMOTHETIC
w independent
PREF ofply
, Budget constraints and consumer demand
BUDGETconstraints
LINEAR
P'gey
geo
commodityspace
g
11
g
physicalconstraints
p isconstant
budgety
economicconstraints
92
2
pig 1292 4
9
slopeis Fa constant
independent of
y
92 92
TH III
YP2
4172
a
pig page y
yip yip 9 yip 9
t tax discount July marginalutilityofgoodi
uncompensated
9 gitv.pl tigsipideatiang
j
Pi9 Directutilityfunction
Witt budgetshareofgoodi
y q bang
v levelofutility n
YF Ting uncompensated
iight yip ulfly.pl indirectutilityFUNCTION
clv.pl p'glv.pl EXPENDITURE COSTFUNCTION
nij 395 3195 uncompensated
Iisticity
slutsky compensated
g ga p fpga p demand
nij Ej Ifj compensated
Eighty gazg g isweeklypreferredtog
a
Fini
indifferentset
ga isdirectlyrevealedpreftog's Ilga
p p rreas qARpqB
gaisrevealedpreferredtog's
ya www.isp
, ADDINGup su s mma
Epifp y til gilv.pl
Roy'sIDENTITY
Engelaggregation
E Wi Ei 1
jjj
yi fily.pl
Cournotaggregation
g
j.gy.gg
Ogi Vip
income subs
effect t effect Eff jpg dfifpj.ttdfifydfjly.pl
effectof effectof
uncompI
Syfy 1 Ijthprice Ajthprice
demand demand demand
NEGATIVITY
EApiAqi so INTEGRABILITY
1 Addingup
Slutskyequations
g ga pl flpga pl Epi fily.pl y
d Homogeneity
II It at fifty xp fily pl
gilv.apl gilv.pl
Nij Nij t wig
3 Negativity
comp uncomp w x totalbudgetelasticities
ogilv.pl afily.pl dfily.pl a fi
op yip so
marginalrateofsubstitution Md Pi ay
slopeofindifferencecurves 4 Slutskysymmetry
04 29
pg ogilv.pl chip og vip
lug n 04 292
op apppj Dpi
flow pl pl glv.pl Php n
LIAN EXPI
MARSHAL HICKSIAN MEEEE EXP a
Yip guy duly pl pl y
IAN HICKSIAN
MARSHALL
IEEE Exp
IEEE BUDGET
, TYPESOFGOODS
w 2goods if oneis a necessity theothermustbe a luxury
ADDINGUP
Normal q t w a
tiny E 0
g 0 OR
glv.plincreasinging
Luxury w t w a
tiny E 1
q is flypl orglv.pl
Wi increasingin y or N
SUBSTITUTE
ai i wi a p in pj
t
ai t w a t in pj
p fly p or P.glv.pl
y e
NECESSITY w t w a Tiny Ez 1
indepofy
complements git w a t in Pj
y t in pj
y git w a
independentof
glv.pl v
INFERIOR
gt w a
tiny Esco
PREFERENCES
HOMOTHETIC LINEAR
QUASI
wrtgoodi
constantMrs MRSindependentof
q
alongga ng onlydependsongj
wi independentof N y gilv.plindependentof N
Clupl Alp x Blut Clupi p Alpi pj t Pjx Blut
wi independent
ofply
HOMOTHETIC filyplindependentofy
PREF
HOMOTHETIC
w independent
PREF ofply
, Budget constraints and consumer demand
BUDGETconstraints
LINEAR
P'gey
geo
commodityspace
g
11
g
physicalconstraints
p isconstant
budgety
economicconstraints
92
2
pig 1292 4
9
slopeis Fa constant
independent of
y
92 92
TH III
YP2
4172
a
pig page y
yip yip 9 yip 9
