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Giffen good case - PowerPoint PPT Presentation

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GRAPH_1. ear. 12.0. y. , Gallons per. BUDGET CONSTRAINT AND INDIFFERENCE CURVE. Wine, (W). Price-consumption curve. e. 3. 5.2. e. 2. 4.3. 3. I. e. 1. 2.8. 2. I. 1. I. 1. L. (. p. = $12). 2. 3. L. (. p. = $6). L. (. p. = $4). b. b. b. 0. 26.7. 44.5.

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Giffen good case - PowerPoint PPT Presentation

4.3