Accountancy, asked by dapynchesnieh17, 6 months ago

comparison between hicks and skutsky measures of substitution effect.which approach is preferable?​

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Answered by Anonymous
1

Answer:

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Answered by Aadhyagupta2
1

Answer:

The Hicksian Method:

Hicks has separated the substitution effect and the income effect from the price effect through compensating variation in income by changing the relative price of a good while keeping the real income of the consumer constant.

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