Goods
describe what
Preferences
-
-
thing
versus
Prices of
goods are what
take these
-
the other .
goods
prices
amount
as
Income
budget
given
a
a consumer
consumer
needs to
.
a
consumer
has to
want/needs and how much
pay
to
yet
buy goods
set/constraint
q pigI
those
goods We
Quality
.
of
a
Opportunity cost of good in terms of good
f #
=
assome
that
consumers
good
Slope is opp cost .
Budget Line
p .+
.
likes one
consumer
a
Budged
Set
=
Qumb
1