Question

Who has sought to measure consumers surplus with the help of indifference curve technique?

Answer 1

Answer:

Measurement of Consumer’s Surplus with the Help of Indifference Curves (Hicksian Method): Professor J.R. Hicks, has explained the concept of consumer surplus with the help of indifference curve technique. According to Hicks when there is fall in the price of a commodity, it has two main effects:

Explanation:

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