Consumers in the marketplace consumption choices change as a function of price and or income price increases lead to decreases in quantity demanded lead to pivoting budget line and consumers choosing new consumption point. Engel curve an engel curve is a function relating the equilibrium quantity purchased of a commodity to the level of money income engel curve describes how quantity of y changes as income changes holding all prices constant it is derived from the income consumption curve 7 8. As income increases so is the consumption level.
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