Economy, asked by boom21, 9 months ago

what is the difference between Engle curve and expansion path​

Answers

Answered by Anonymous
8

Answer:

If the slope of the curve is negative, the good is an inferior good because consumption decreases as income is increased. The Engel Curve can be derived from the Income Expansion Path. Each budget constraint in the Income Expansion Path provides the income.

Answered by sumer7568
0

Answer:

the angle between engle curve and expansion path is theta

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