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Author Question: In the above figure point A is the original consumption point. The movement from point A to point C ... (Read 159 times)

lb_gilbert

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on: Jun 18, 2019


In the above figure point A is the original consumption point. The movement from point A to point C is due to a fall in the price of good Y. Note that B1, B2, and B3 are budget constraint lines with incomes M1, M2, and M3 respectively. Also note that B2 and B3 are parallel. Calculate the compensating variation (CV).
◦ CV = M3 - M1.
◦ CV = M1 - M3.
◦ CV = M1 - M2.
◦ CV = M3 - M2.
Microeconomics ¦ Perloff ¦ 8th Edition
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Marked as best answer by lb_gilbert on Jun 18, 2019

Melissahxx

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Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lb_gilbert

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Reply #2 on: Jun 18, 2019
Excellent


Melissahxx

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Reply #3 on: Jun 18, 2019
Great! Please up vote :D


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