ECShiftGraph.Shock · Shift(s) · Result
← Course home

EC311 · Intermediate Microeconomics

EC311 / TOPIC 04

2.3 Corners, substitutes and complements

A teaching model for this topic. Its illustrative numbers may differ from the worked question.

1 Predict → 2 Try → 3 Explain → 4 Challenge

Why do some preferences have no tangency?

Illustrative model numbers, not Thailand or current economic data.

For u=2X+Y, when the X price rises from 12 and the Y price stays 6, what is chosen?