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Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 4: Cá nhân và nhu cầu thị trường

Tham khảo tài liệu 'bài tập về kinh tế vĩ mô bằng tiếng anh - chương 4: cá nhân và nhu cầu thị trường', kinh tế - quản lý, kinh tế học phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Chapter 4 Individual and Market Demand Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines CHAPTER 4 INDIVIDUAL AND MARKET DEMAND EXERCISES 1. An individual sets aside a certain amount of his income per month to spend on his two hobbies collecting wine and collecting books. Given the information below illustrate both the price consumption curve associated with changes in the price of wine and the demand curve for wine. - Formatted Bullets and Numbering j Price Wine Price Book Quantity Wine Quantity Book Budget 10 10 7 8 150 12 10 5 9 150 15 10 4 9 150 20 10 2 11 150 Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines The price consumption curve connects each of the four optimal bundles given in the table above. As the price of wine increases the budget line will pivot inwards and the optimal bundle will change. 2. An individual consumes two goods clothing and food. Given the information below illustrate the income consumption curve and the Engel curves for clothing and food. Formatted Bullets and Numbering 41 Chapter 4 Individual and Market Demand Price Clothing Price Food Quantity Clothing Quantity Food Income 10 2 6 20 100 10 2 8 35 150 10 2 11 45 200 10 2 15 50 250 Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines Formatted Space Before 1.2 line After 1.2 line Line spacing 1.5 lines The income consumption curve connects each of the four optimal bundles given in the table above. As the individual s income increases the budget .