Indifference Curve Analysis - normal good, inferior good, giffen good

1. Income and Substitution Effect of a fall in price of Good X (Normal)<br />Good XGood YI1I2ABBL1BL2XXBBL1CSITotal change in Good XXAXCBL3Substitution Effect (S):Income Effect (I):Total change in Good X (S + I)<br />Income and Substitution Effect of a fall in price of Good X (Inferior, non-Giffen)<br />Good XGood YI1I2ABBL1BL2XBBL1CSITotal change in Good XXAXCBL3Substitution Effect (S):Income Effect (I):Total change in Good X (S + I)<br />Income and Substitution Effect of a fall in price of Good X (Giffen)<br />Good XGood YI1I2ABBL1BL2XBBL1CSITotal change in Good XXAXCBL3Substitution Effect (S):Income Effect (I):Total change in Good X (S + I)<br />