The fourth in a series of Microeconomics study resources that looks at consumer behavior theory , a branch of microeconomics that seeks to understand how individuals make decisions regarding the purchase, consumption, and disposal of goods and services. It explores the factors and processes that influence consumers’ choices, preferences, and behaviors in the marketplace.
This resource takes a look at budget lines, a graphical representation of all possible combinations of two goods which can be purchased with given income and prices. It covers:
- Budget line
- How to graphically plot a budget line
- Factors affecting the budget line (Change in income and change in prices)
- Budget line and indifference curve analysis
Something went wrong, please try again later.
This resource hasn't been reviewed yet
To ensure quality for our reviews, only customers who have purchased this resource can review it
Report this resourceto let us know if it violates our terms and conditions.
Our customer service team will review your report and will be in touch.
£2.00