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Austan Goolsbee, Steven Levitt, Chad Syverson

Microeconomics
First Edition

Chapter 5
Individual and Market Demand

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Figure 5.1 A Consumers Response to an Increase in Income When Both Goods Are Normal
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.2 A Consumers Response to an Increase in Income When One Good Is Inferior
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.3 The Income Expansion Path


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.4 An Engel Curve Shows How Consumption Varies with Income
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.5 Average New House Size and Household Income in the United States, 19752009
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.6 An Engel Curve for House Size in the United States
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.7 Building an Individuals Demand Curve


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.8 Preference Changes and Shifts in the Demand Curve


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.9 The Effects of a Fall in the Price of Restaurant Meals


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 5.10 Substitution and Income Effects for Two Normal Goods
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.10 (a) Substitution and Income Effects for Two Normal Goods
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.10 (b) Substitution and Income Effects for Two Normal Goods
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.10 (c) Substitution and Income Effects for Two Normal Goods
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.11 The Shape of Indifference Curves Determines the Size of the Substitution Effect
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.12 Backward-Bending Labor Supply


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.13 A Fall in the Price of an Inferior Good


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.14 Substitution and Income Effects for an Inferior Good


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 5.14 (a) Substitution and Income Effects for an Inferior Good
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.14 (b) Substitution and Income Effects for an Inferior Good
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 5.14 (c) Substitution and Income Effects for an Inferior Good
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 5.15 A Change in the Price of a Giffen Good


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.16 Substitution and Income Effects of a Giffen Good


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.16 (a) Substitution and Income Effects of a Giffen Good


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.16 (b) Substitution and Income Effects of a Giffen Good


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

Figure 5.16 (c) Substitution and Income Effects of a Giffen Good


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.17 When the Price of a Substitute Rises, Demand Rises


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.18 When the Price of a Complement Rises, Demand Falls


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.19 Changes in the Prices of Substitutes or Complements Shift the Demand Curve
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.20 U.S. Total Box Office and Tickets Sold per Capita, 19802010
Goolsbee, Levitt, Syverson: Microeconomics, First Edition
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Figure 5.21 The Market Demand Curve


Goolsbee, Levitt, Syverson: Microeconomics, First Edition
Copyright 2013 by Worth Publishers

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