50% Off: A New Interpretation of Real Income

A New Interpretation of Real Income ; A Study of Consumer Behaviour Theory 

Two variants of the famous graphical technique theoretically decomposing the reaction of a consumer to change in price of a consumption commodity into the so called substitution effect and in-come effect, were originally found in the works of E. Slutsky and J.R. Hicks. Today the technique has become one of the most popular topics in all microeconomics textbooks. 

AW K.T

Leeds Publications 

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