Question
The Hicks version of the substitution effect of a price change measures the change in a consumer's demand if the consumer's income were changed just
The Hicks version of the substitution effect of a price change measures the change in a consumer's demand if the consumer's income were changed just enough so the consumer would remain on the same indifference curve as before the price change.
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Principles Of Financial Accounting
Authors: John J Wild, Ken W Shaw, Barbara Chiappetta
22nd Edition
0077632893, 9780077632892
