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Practice Problem of the Day, 9/27/2013

September 27th, 2013 · 3 Comments
Practice Problem of the Day

This video shows how to derive the budget line equation, graph the budget line, and .analyze how the budget line moves in response to price and income changes. The problem is taken from Economics: Principles and Applications, 6th Edition, by Robert Hall and Marc Lieberman, and is Ch. 6 problem #1.

You can find more practice problems via the Practice Problem of the Day category archive or by visiting the Econ Classroom page. You can also be notified of new practice problems by subscribing to the YouTube channel.

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