An indirect utility function
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1 mark, −0.25MicroeconomicsDemand theory and elasticityHicksian demand, the expenditure function and dualityEasyabout 1 min
JNU SSS 2013 Question 59: Demand theory and elasticity
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Demand theory and elasticity has come up 161 times in 7 exams since 2004.
What this question tests
This question is on Hicksian demand, the expenditure function and duality, part of Demand theory and elasticity in Microeconomics.
Compensated demand, the expenditure and indirect utility functions, and the links between them.
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