Chapter 5 Consumers and Incentives

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Presentation transcript:

Chapter 5 Consumers and Incentives © 2015 Pearson Education, Ltd.

Exhibit 5.1 The Budget Set and the Budget Constraint for Your Shopping Spree © 2015 Pearson Education, Ltd.

Exhibit 5.3 An Inward Pivot in the Budget Constraint from a Price Increase © 2015 Pearson Education, Ltd.

Exhibit 5.4 A Rightward Pivot in the Budget Constraint from a Price Decrease © 2015 Pearson Education, Ltd.

Exhibit 5.5 An Outward Shift in the Budget Constraint from an Increase in Income © 2015 Pearson Education, Ltd.

Exhibit 5.6 Your Demand Curve for Jeans © 2015 Pearson Education, Ltd.

Exhibit 5.7 Computing Consumer Surplus © 2015 Pearson Education, Ltd.

Exhibit 5.8 Market-Wide Consumer Surplus © 2015 Pearson Education, Ltd.

Exhibit 5.9 Market-Wide Consumer Surplus When Prices Change © 2015 Pearson Education, Ltd.

Exhibit 5.11 Jacob’s Demand Curve for Trout Preservation © 2015 Pearson Education, Ltd.

Exhibit 5.12 Examples of Various Demand Curves © 2015 Pearson Education, Ltd.

Exhibit 5A.1 Introducing Indifference Curves © 2015 Pearson Education, Ltd.

Exhibit 5A.2 Income and Substitution Effects © 2015 Pearson Education, Ltd.