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Demand Analysis Representative Utility Function for the Consumption of Goods and Services Downward-Sloping Demand Curve for Hamburgers Representative Indifference Curves Based on Table 4.1 Data Indifference Curves with Continuous Substitution of X and Y Consumption Effects of Changes in Budget and Relative Prices Income and Substitution Effects Following a Reduction in the Price of Goods Optimal Market Baskets for Consumption Completely Inelastic Demand Curve: = 0 Completely Elastic Demand Curve: = - Price Elasticity of Demand Varies Along a Linear Demand Curve Relations Among Price Elasticity and Marginal, Average, and Total Revenue Managerial Economics 10e* Chapter 4 10E MANAGERIALECONOMICS ? 2003 South-Western/Thomson Learning M A R K H I R S C H E Y PowerPointPresentation by Charlie Cook Figure 4.1 Figure 4.2 Figure 4.3 Figure 4.4 Figure 4.5 Figure 4.6 Figure 4.7 Figure 4.8 Price per unit ($) Figure 4.9 8 Figure 4.10 Figure 4.11 Managerial Economics 10e*
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