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Engel curves

If Yed = (% change in income)/(% change in quantity demanded) = (Y/Q)*((change in Q)/Change in Y)), does this mean that ANY Engel curve that passes through the origin (if it's a straight line) will have a Yed of exactly one?

Also, a market Engel curve is the average income of an economy per time period on the Y axis and some good on the x axis, if we assumed that everybody in the economy had the same preferences towards whatever goods, could we hoizontally sum up the individual Engel curves to derive the market Engel curve or not?

Reply 1

Tallon

Didn't think I'd get neg repped for that.

Reply 2

.ACS.

Original post by Tallon

Didn't think I'd get neg repped for that.

There we go. Corrected. :tongue:

Reply 3

Tallon

Original post by .ACS.

There we go. Corrected. :tongue:

Ha, thanks. I wasn't that bothered but I just thought it was weird. I doubt I'll get a reply to this question after such a long time.

Lmao at someone negging the question :biggrin:

Reply 6

Tallon

Original post by Chrrye

Lmao at someone negging the question :biggrin:

Even my post saying it's weird to get neg repped got neg repped LOL.

Reply 7

fitaap05

LOL^^^^

BTW can someone help me please... i dont know what an engel curve is...

isnt it the same as a supply and demand diagram??
what does it work with YED XED PED?

Im so confused =(... please help!...

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Engel curves

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