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Questions › UGC-NET › UGC-NET 2023 › Q79
2 marksMicroeconomics › Demand theory and elasticity › Hicksian demand, the expenditure function and dualityHardabout 1 min

UGC-NET 2023 Question 79: Demand theory and elasticity

Match List-I with

List II

(A) Shephard's Lemma

(B) Adverse Selection

(C) Hotelling's Lemma

(D) Roy's Identity.

List II

(I) Hidden types of agent

(II) Envelope theorem

(III) Indirect utility function

(IV) Profit function.

Choose the correct answer from the options given below:

Tap an option to check your answer.

Answer and worked solution

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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.

TestStop has 9 past-paper questions on this subtopic.

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