Economics
Q. Explain how budget lines and indifference curve analysis can be used to derive a demand curve.
I need some help in understanding how I should go about this question and what topics, in particular, I should read up on to have a better understanding of it.
I need some help in understanding how I should go about this question and what topics, in particular, I should read up on to have a better understanding of it.
I don't know any good microeconomics book on this, but you should check up your notes on budget lines and ICs.
There should be a mention of how the tangent of the budget line will meet the IC at various points depending on budget.
There should be a mention of how the tangent of the budget line will meet the IC at various points depending on budget.
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