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thanks in advance Consider the Marshallian (uncompensated) demand x(Pr, Py; ]) = 0 7 . In case of a price increase for good x, in

thanks in advance

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Consider the Marshallian (uncompensated) demand x(Pr, Py; ]) = 0 7 . In case of a price increase for good x, in absolute terms, The compensating variation will be equal to the equivalent variation and equal to the change in the consumer surplus The compensating variation will be greater than the equivalent variation and greater than the the change in the consumer surplus The compensating variation will be greater than the equivalent variation but smaller than the the change in the consumer surplus The compensating variation will be smaller than the equivalent variation and smaller than the the change in the consumer surplus

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