Economy, asked by Praful1836, 1 year ago

What is the relation ship between compensted and uncompensated demand curve?

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Answered by Anonymous

The Uncompensated (Marshallian) demand curve deals with how demand changes when price changes, holding money income constant. The Compensated (Hicksian) demand curve deals with how demand changes when price changes, holding "real income" or utility constant.

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