CV EV and change in CS
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The compensating variation and equivalent
The compensating variation and equivalent variation for a price change are developed for the case of a normal good and are contrasted to the change in consumer surplus that results from the price change. Please check out my new site, Ask The Prof, http://asktheprof.blogspot.com/, to pose your questions that aren't answered by the videos. The Excel file can be downloaded here. http://goo.gl/dbR89
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