Indifference Curves - Normal Goods and Rising Income

This short revision video consider how demand for two normal goods (with a positive income elasticity of demand) is affected when real income increases. The video uses indifference curve analysis to show how a rise in income causes an outward shift in the demand curve.

• #education
• #indifference_curves
• #consumer_choice
• #theory_of_demand
• #normal_goods
• #income_elasticity_of_demand