Chapter Two

9/27/99


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Table of Contents

Chapter Two

Consumption Choice Sets

Budget Constraints

Budget Constraints

Budget Constraints

Budget Constraints

Budget Constraints

Budget Set and Constraint for Two Commodities

Budget Set and Constraint for Two Commodities

Budget Set and Constraint for Two Commodities

Budget Set and Constraint for Two Commodities

Budget Set and Constraint for Two Commodities

Budget Set and Constraint for Two Commodities

Budget Set and Constraint for Two Commodities

Budget Constraints

Budget Constraint for Three Commodities

Budget Set for Three Commodities

Budget Constraints

Budget Constraints

Budget Constraints

Budget Constraints

Budget Constraints

Budget Sets & Constraints; Income and Price Changes

How do the budget set and budget constraint change as income m increases?

Higher income gives more choice

How do the budget set and budget constraint change as income m decreases?

How do the budget set and budget constraint change as income m decreases?

Budget Constraints - Income Changes

Budget Constraints - Income Changes

Budget Constraints - Income Changes

Budget Constraints - Price Changes

How do the budget set and budget constraint change as p1 decreases from p1’ to p1”?

How do the budget set and budget constraint change as p1 decreases from p1’ to p1”?

How do the budget set and budget constraint change as p1 decreases from p1’ to p1”?

Budget Constraints - Price Changes

Budget Constraints - Price Changes

Uniform Ad Valorem Sales Taxes

Uniform Ad Valorem Sales Taxes

Uniform Ad Valorem Sales Taxes

Uniform Ad Valorem Sales Taxes

Uniform Ad Valorem Sales Taxes

Uniform Ad Valorem Sales Taxes

Uniform Ad Valorem Sales Taxes

The Food Stamp Program

The Food Stamp Program

The Food Stamp Program

The Food Stamp Program

The Food Stamp Program

The Food Stamp Program

The Food Stamp Program

The Food Stamp Program

The Food Stamp Program

Budget Constraints - Relative Prices

Budget Constraints - Relative Prices

Budget Constraints - Relative Prices

Budget Constraints - Relative Prices

Budget Constraints - Relative Prices

Shapes of Budget Constraints

Shapes of Budget Constraints

Shapes of Budget Constraints - Quantity Discounts

Shapes of Budget Constraints - Quantity Discounts

Shapes of Budget Constraints with a Quantity Discount

Shapes of Budget Constraints with a Quantity Discount

Shapes of Budget Constraints with a Quantity Discount

Shapes of Budget Constraints with a Quantity Penalty

Shapes of Budget Constraints - One Price Negative

Shapes of Budget Constraints - One Price Negative

Shapes of Budget Constraints - One Price Negative

More General Choice Sets

More General Choice Sets

More General Choice Sets

More General Choice Sets

More General Choice Sets

More General Choice Sets

More General Choice Sets

More General Choice Sets

Author: LSA Media Services, PC-69

Email: tedb@econ.ucsb

Home Page: http://www.econ.ucsb.edu\~tedb