Question

Which method is used by Hicks to eliminate the income

Q: Answer- Which method is used by Hicks to eliminate the income effect when price of a product is changed

Compensating variation in income method is used by Hicks to eliminate the income effect when price of a product is changed.

effect when price of a product is changed

A Compensating variation in income

B The cost difference

C The over compensation effect

D Substituting variation in price

E None of the above

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