When tastes are not quasilinear, the positive economist will introduce error into the analysis if he uses the uncompensated (rather than the compensated) demand curve to analyze changes in consumer surplus.
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Q1: When tastes are not quasilinear, the positive
Q2: Suppose x is an inferior good.Then we
Q4: Consumer surplus is accurately measured along (uncompensated)
Q5: If a person's compensated demand (or MWTP)
Q6: As tax rates rise linearly, DWL also
Q7: As we move to higher indifference curves,
Q8: There is a compensated demand (or MWTP)
Q9: An increase in income causes compensated demand
Q10: Indirect utility functions are homogeneous of degree
Q11: If tastes are homothetic, there exists a
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