The compensation variation and equivalent variation will be closer to each other when
A)the income elasticity is greater.
B)the budget share is greater.
C)the price change is smaller.
D)the income elasticity is smaller.

Question

Quizplus · Accepted Answer

The Answer of The compensation variation and equivalent variation will be closer to each other when
A)the income elasticity is greater.
B)the budget share is greater.
C)the price change is smaller.
D)the income elasticity is smaller.

The Compensation Variation and Equivalent Variation Will Be Closer to Each