Re: micro-consumer theory

Posted by ritu on Oct 30, 2011; 7:48am
URL: http://discussion-forum.276.s1.nabble.com/micro-consumer-theory-tp6943878p6945065.html

part b-pls correct me if i am wrong.........
i guess for the good on x-axis dd curve wud be downward sloping coz as price of it falls,its qty is increasing....and the gud on vertical axis-s demand function is independent of P1 but we cant say anything abt its shape with this info...


somebdy pls answer part  1...does inferior gud ave any consumer surplus?