SOLVED: Answer the following questions regarding the Slutsky equation. 2.1. Derive the Slutsky equation in terms of the demand elasticities. 2.2. Suppose the absolute value of own price elasticity of Hicksian demand
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SOLVED: Answer the following questions regarding the Slutsky equation. 2.1. Derive the Slutsky equation in terms of the demand elasticities. 2.2. Suppose the absolute value of own price elasticity of Hicksian demand
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v(p,.Pr,t)= v =#6 E(p,.Pr,v)=U*D
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