Compensated demand curveIn economics, the compensated demand curve that shows how the substitution effect influences the number of units of a good the consumer will purchase. A Compensated Demand Curve shows how the number of units of a good purchased at a given price changes as the price changes, assuming the consumer's income is increase enough to offset the income effect.
Categories: Economics |
|
This article is licensed under the GNU Free Documentation License. It uses material from Wikipedia article. Browse Wikipedia for more information. |