Glossary · Micro · Consumer theory

Price-consumption curve (PCC)

The path of best bundles traced out as the price of one good changes while income and the other price stay fixed. Read the quantity of the good at each price off this path and you have derived the consumer’s demand curve.

Also called: PCC

Taught in: Deriving the Demand Curve

Related terms

Demand curveTangency conditionEngel curve

More from consumer theory

Axioms of consumer preferenceBudget lineCorner solutionGiffen goodIndifference curveMarginal rate of substitution (MRS)Marginal utility (MU)

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