Ch3-Higher Wages and the Income and Substitution Effects

[vaishnaviverma]

I am going to pass an end-term examination, thanks to you :)

[justinelegge]

Than you for putting data in the graph - so much easier to understand :)

[livhuwaninemutshili]

Your videos are the best. Keep sharing the wisdom

[costanzacorso]

why in the graph we gas B right exaclty above A and treno in the other graph we have C move a bit to the right? Thank you!

[tiagodutra]

This is single handedly the most complicated topic ive ever seen. Iven watched this video 55 times and I still dont understand

[angyixun]

quick question. from what I am currently learning in university, I am taught that for substitution effect the hypothetical budget line should be drawn tangent to the initial indifference curve which will then show the substitution effect and the income effect. So I am a little confused with the diagram drawn in the video

[MA-vvyk]

Thanks for the video. Why do we draw the point D higher up on the indifference curve relative to point A? IF point D was right above then we wouldn't have the same substitution effect? As in how do we know which to draw

[Terozad]

How is point D preferable to to point C. The whole point of the indifference curve is that all points on it have the same level of preference either option will make you equally happy.
If point D and C are on the same indifference curve how can you say that one is preferable to the other? I really do not understand how the overall effect works.

[thomashowell]

why is there now videos on decreasing wage?!?!?!?!

[muzimahlangu]

Could you please provide a link to the notes, thanks

[geetalaxminandwani]

What happens if wages decrease - i cannot find a diagram for this scenario

[bobjones]

You didn't describe how to actually calculate the indifference curve.. and then graph it. Waste of time.