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Which method is used by Hicks to eliminate the income effect when price of aproduct is changed

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Question:

Which method is used by Hicks to eliminate the income effect when price of aproduct is changed

A.

compensating variation in income

B.

the cost difference

C.

the over compensation effect

D.

substituting variation in price

Answer» a. compensating variation in income

Note: The above multiple-choice question is for all general and Competitive Exams in India.