1. Home
  2. Material Detail: The Income and Substitution Effect - WHY does Demand Slope Downwards?

Material Detail

The Income and Substitution Effect - WHY does Demand Slope Downwards?

The Income and Substitution Effect - WHY does Demand Slope Downwards?

So the law of demand tells us that there's an inverse relationship between a good's price and the quantity demanded. In this video we learn WHY this relationship exists.

Disciplines:
Go to Material 
Bookmark / Add to Course ePortfolio
Create a Learning Exercise
Add Accessibility Information
Rate
Add a Comment

Quality

  • Selected For Peer Review
  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Material Type:
Tutorial
Date Added to MERLOT:
July 13, 2021
Date Modified in MERLOT:
July 13, 2021
Author:
Submitter:
Cathy Swift
Asian American, Native American, Pacific Islander Serving Institution Hispanic Serving Institution
Primary Audience:
College General Ed, College Lower Division, College Upper Division
Technical Format:
Video, Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
No

Browse...

Disciplines with similar materials as The Income and Substitution Effect - WHY does Demand Slope Downwards?
People who viewed this also viewed
Other materials like The Income and Substitution Effect - WHY does Demand Slope Downwards?

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.