Cambridge AS & A Level Economics
7.2Indifference curves and budget lines
Indifference curves and budget lines in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic22 practice questions1 lesson
Learning objectives
What the syllabus expects you to be able to do.
- 7.2.1Explain an indifference curve and a budget line.
- 7.2.2Explain the causes of a shift in the budget line.
- 7.2.3Explain income, substitution and price effects for normal, inferior and Giffen goods.
- 7.2.4Evaluate the model of indifference curves.
Lessons
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Indifference curves, budget lines and the income and substitution effects
55 min
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Sample question
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