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Suppose price of a good falls. In a diagram, compare the paasche measure of welfare change with the equivalent variation? ( 5 marks)
Suppose price of a good falls. In a diagram, compare the paasche measure of welfare change with the equivalent variation? ( 5 marks)
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
