北大微观经济学课件的(英文版)ch8-Slutsky Equation.ppt

Chapter Eight;Effects of a Price Change;Effects of a Price Change;Effects of a Price Change;Effects of a Price Change;Effects of a Price Change;Effects of a Price Change;Effects of a Price Change;Real Income Changes;Real Income Changes;Real Income Changes;Real Income Changes;Real Income Changes;Real Income Changes;Real Income Changes;Pure Substitution Effect;Pure Substitution Effect Only;Pure Substitution Effect Only;Pure Substitution Effect Only;Pure Substitution Effect Only;Pure Substitution Effect Only;And Now The Income Effect;And Now The Income Effect;The Overall Change in Demand;Slutsky’s Effects for Normal Goods;Slutsky’s Effects for Normal Goods;x2;Since both the substitution and income effects increase demand when own-price falls, a normal good’s ordinary demand curve slopes down. The Law of Downward-Sloping Demand therefore always applies to normal goods.;Slutsky’s Effects for Income-Inferior Goods;Slutsky’s Effects for Income-Inferior Goods;Slutsky’s Effects for Income-Inferior Goods;Slutsky’s Effects for Income-Inferior Goods;Slutsky’s Effects for Income-Inferior Goods;Slutsky’s Effects for Income-Inferior Goods;Slutsky’s Effects for Income-Inferior Goods;Giffen Goods;Slutsky’s Effects for Giffen Goods;Slutsky’s Effects for Giffen Goods;Slutsky’s Effects for Giffen Goods;Slutsky’s Effects for Giffen Goods;The Slutsky Equation;Remaining Topics;Rebating A Tax;Rebate a Tax on Initial Consumption