equivalent variation
equivalent variation · equivalent variations
The measure of how much money a consumer would pay before a price increase, to avoid…The measure of how much money a consumer would pay before a price increase, to avoid the price increase.
Meaning
1 sensesThe measure of how much money a consumer would pay before a price increase, to avoid the price increase.
Forms
plural: equivalent variations| Singular | equivalent variation |
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| Plural | equivalent variations |
regular