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Search "Equivalent variation"
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Equivalent variation | |
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About 1 pages (247 words) in 2 products |
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Encyclopedia and Summary Information
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 summary from source:
 Equivalent variation Information
227 words, approx. 1 pages
 Equivalent variation (EV) is a measure of how much more money a consumer would pay before a price increase to avert the price increase. Because the meaning of "equivalent" may be unclear, it is also called extortionary variation. John Hicks (1939) is... 
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About 1 pages (247 words) in 2 products |
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