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True or false and explain: If Hicksian demand function hi(p, ubar) > 0, then hi(p,ubar) is strictly decreasing in Pi. (i denoted good i)
True or false and explain:
If Hicksian demand function hi(p, ubar) > 0, then hi(p,ubar) is strictly decreasing in Pi.
(i denoted good i)
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
