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单词 Slutsky equation
释义 Slutsky equation

The equation showing how the effect on demand for a good of a change in its price can be decomposed into the substitution effect, which shows the effect of a change in relative prices at an unchanged level of real income, and the income effect, which shows the effect of a change in real income holding prices constant.

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更新时间:2025/4/8 17:06:23