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Chapter 5 Consumers and Incentives

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Presentation on theme: "Chapter 5 Consumers and Incentives"— Presentation transcript:

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

2 Exhibit 5.1 The Budget Set and the Budget Constraint for Your Shopping Spree
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3 Exhibit 5.3 An Inward Pivot in the Budget Constraint from a Price Increase
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4 Exhibit 5.4 A Rightward Pivot in the Budget Constraint from a Price Decrease
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5 Exhibit 5.5 An Outward Shift in the Budget Constraint from an Increase in Income
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6 Exhibit 5.6 Your Demand Curve for Jeans
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7 Exhibit 5.7 Computing Consumer Surplus
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8 Exhibit 5.8 Market-Wide Consumer Surplus
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9 Exhibit 5.9 Market-Wide Consumer Surplus When Prices Change
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10 Exhibit 5.11 Jacob’s Demand Curve for Trout Preservation
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11 Exhibit 5.12 Examples of Various Demand Curves
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12 Exhibit 5A.1 Introducing Indifference Curves
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13 Exhibit 5A.2 Income and Substitution Effects
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