Definitions from Wiktionary (equivalent variation)
▸ noun: (economics) The measure of how much money a consumer would pay before a price increase, to avoid the price increase.
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▸ noun: (economics) The measure of how much money a consumer would pay before a price increase, to avoid the price increase.
Similar:
cross elasticity of demand,
price elasticity of demand,
value,
income elasticity of demand,
exact change,
price elasticity of supply,
substitute good,
transfer earnings,
cross-price elasticity of demand,
equilibrium price,
more...
Opposite:
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