Pertemuan III - Departemen Ilmu Keluarga dan Konsumen | FEMA-IPB
Pertemuan III - Departemen Ilmu Keluarga dan Konsumen | FEMA-IPB
Pertemuan III - Departemen Ilmu Keluarga dan Konsumen | FEMA-IPB
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Income and substitution effects<br />
23<br />
q o<br />
E 1<br />
Substitution effect = q x2 – q x<br />
0<br />
A<br />
A’<br />
q 0<br />
0<br />
Income effect = q x1 – q x<br />
2<br />
Own-price effect = (q x2 – q x0 ) + (q x1 – q x2 )<br />
= q x1 – q x<br />
0<br />
E 2<br />
U 0<br />
U 1<br />
O<br />
q x<br />
0<br />
E 0<br />
q x<br />
1<br />
q x<br />
2<br />
q x<br />
C C’ C 1
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