> L05 · additional readings
the budget set · thu 15.10
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textbook · Frank, chapter 3 (pp. 55–63)
Robert H. Frank, Microeconomics and Behavior, 9th ed.
The textbook's section on the budget set: the budget line, how it moves when prices or income change, the composite good and kinked budget lines. Read up to “Consumer Preferences” on p. 63; that part follows in lecture 6.