Document Type
Article
Journal Title
International Journal of Business Management and Commerce
Publication Date
2020
Abstract
In the paper we describe how income and price changes affect consumer's decision making using the Slutsky Identity. We also investigate economical meaning of curve turn-movements of consumer's budget. For analyzing the changes of consumer's choice we are using two step movements (turn, then parallel movement) of budget curve.
Publisher Statement
International Journal of Business Management and Commerce (IJBMC) is an international peer-reviewed journal which accepts research articles, review papers, case studies, etc. in all fields of Business Management and Commerce.
As far as copyrights are concerned, they are retained by the authors of manuscripts published or to be published in IJBMC but with first publication rights granted to IJBMC. The journal or editors are not responsible for any successive use of the author(s) work.
Recommended Citation
Esunge, Julius N., and Dali Magrakvelidze. 2020. “Description of Income and Substitution Effects Using Slutsky Identity.” International Journal of Business Management and Commerce 5 (1): 1–9. https://ijbmcnet.com/images/Vol5No1/1.pdf.
Comments
The definitive article and other issues can be viewed on the website of the International Journal of Business Management and Commerce at: http://www.ijbmcnet.com/index.php/archive.