Jim Whitney Economics 250
Income changes
The Income Consumption Curve (ICC) and Engel Curves

  
  
 

The lefthand panel above depicts one example of an ICC and related Engel Curve. Derive the ICC and related Engel Curves for the other cases shown.

Decide whether good x and good y are normal (N) or inferior (I) goods for each of the three cases:

           Case 1      Case 2      Case 3
 Good x:   ______      ______      ______
 Good y:   ______      ______      ______