Share This Article:

Economic Definition of utility analysis income change. Defined.

Offline Version: PDF

Term utility analysis income change Definition: A disruption of consumer equilibrium identified with utility analysis caused by changes in the buyers' income, which results in a change in the quantities of the goods consumed. The change in buyers' income alters the income constraint and forces a reevaluation of the rule of consumer equilibrium.

 

« income | income distribution »

Permalink: http://glossary.econguru.com/economic-term/income+change,+utility+analysis

Alphabetical Reference to Over 2,000 Economic Terms