ECShiftGraph.Shock · Shift(s) · Result

EC311 · GRAPH LAB

Graph Lab

Predict first, move the variables, then explain the graph in your own words.

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SOURCE LESSON2.1Preferences, utility and MRS
COURSE PROGRESS0/ 16

Challenges completed

  1. 01Predict
  2. 02Try
  3. 03Explain
  4. 04Challenge

What does moving along an indifference curve mean?

Illustrative model numbers, not Thailand or current economic data.

Increase X on the same U=16 curve. What happens to Y?