Show your friends this quiz! Try out this quiz, it works for mainly everyone! Answer questions that most fit your personality to get your true color. You can be blue: a caring sensitive person, orange: a risk-taking easy going.
This increase in the size of the budget set implies that the consumer will be better-off as defined with the new consumer optimum at point T. With this increase in income, the consumer chooses to consume both more of both goods indicating that they are both normal goods to that individual.
The tipping point is the critical point in an evolving situation that leads to a new and irreversible development.The term is said to have originated in the field of epidemiology when an infectious disease reaches a point beyond any local ability to control it from spreading more widely.n some usage, a tipping point is simply an addition or increment that in itself might not seem extraordinary but that unexpectedly is just the amount of additional change that will lead to a big effect.