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EC311 · Intermediate Microeconomics

EC311 / TOPIC 05

3.1 Engel curves and demand

One idea at a time · explore as you learn1 / 11

How can one event move along an Engel curve while shifting a demand curve?

How does higher income at fixed prices differ from a price cut?

EC311 / GRAPHTry changing a value

1 Predict → 2 Try → 3 Explain → 4 Challenge

How does an income change differ from a price change?

Illustrative model numbers, not Thailand or current economic data.

Income rises from 120 with prices fixed. What happens to chosen X?