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The Journal of Economic Education Volume 25, 1994 - Issue 4
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Economic Instruction

A Simple Geometry of Income Elasticities

Jerome F. HeaveyLafayette College
Pages 303-308 | Published online: 10 Jul 2014
 
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Abstract

This note provides an explanation of how a few straight lines added to the familiar graphical analysis of the income and substitution effects of a price change will show not only whether each of the goods is inferior or normal, but also whether either of the goods is superior.

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