Talk:Engel curve

Latest comment: 7 years ago by 145.5.115.79 in topic Engel curves for luxury/necessary goods

It would be nice if this page on the subject of a curve, a graphical representation of an economic concept, would actually have a picture of an example curve. — Preceding unsigned comment added by 137.224.241.19 (talk) 12:52, 12 November 2012 (UTC)Reply

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Engel curves for luxury/necessary goods

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The article states that for luxury goods, the Engel curve bends toward the X-axis. This seems not to be true: with income M, the Engel curve x(M)=M-1/M bends toward the Y-axis, and yet this is a luxury good. — Preceding unsigned comment added by 145.5.115.79 (talk) 10:14, 20 November 2017 (UTC)Reply