Q850
Hicks substitution effect for a fall in the price of a commodity, other things remaining constant, is given by
A.
a movement up a given indifference curve
B.
a movement down a given indifference curve
AnswerC.
a movement from a lower to a higher indifference curve
D.
a movement from a higher to a lower indifference curve
Answer: Option B
Solution
Answer: Option B
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