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Income Offer Curve

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PPGPortal > Home > Concept Dictionary > I, J > Income Offer Curve
 

Income Offer Curve 

This curve illustrates the bundles of goods that are demanded by a consumer at different levels of income.

(Dwayne Benjamin, Toronto PPG 1002H)

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If both goods in a two-good model are normal goods, the income offer curve will have a positive slope. The income offer curve connects the optimal levels of consumptions for both goods in a two-good model at different levels of income. The income offer curve is also known as the "income expansion path".

     

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