Its the same I think :)
The difference is the Y- axis. In the case of the Demand curve the Y - axis is the retail price of the good. On the Engel's curve the Y -axis is the amount of income over a set period of time.
difference between leaning curve and experience curve
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
by finding where the supply curve and the demand curve intersect
Its the same I think :)
The difference is the Y- axis. In the case of the Demand curve the Y - axis is the retail price of the good. On the Engel's curve the Y -axis is the amount of income over a set period of time.
Both curves plot the relationship between X, in this case a good, and something when income varies. However there's different variables on the vertical axis. The ICC has a composite good on the vertical axis while the Engel curve has income on the vertical axis.
The Engel curve shows how household expenditure on goods changes with rising income. Giffen goods are inferior goods. As household income rises, instead of consuming more of the Giffen goods, expenditure is switched to better quality goods. Consequently, the demand for a Giffen good falls as income rises and this results in a downward sloping curve. Incidentally, a curve that slopes "negatively downward" is actually a curve that slopes positively upwards!
Joachim Engel has written: 'Tree structured function estimation with Haar wavelets' -- subject(s): Curve fitting, Estimation theory, Trees (Graph theory), Wavelets (Mathematics)
L. F. Jackson has written: 'The Engel curve for variety and hierarchic demand systems'
angel - der Engel (pl. die Engel)
Engel = angel
Theodor Engel has written: 'Dr. Theodor Engel'
Brandi Engel's birth name is Brandi Alexandria Engel.
Rebecca Engel's birth name is Rebecca Marie Engel.
Andi Engel's birth name is Wolf Andr Oleg Engel.