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单词 equivalent variation
释义 equivalent variation

The amount of additional money needed to give the level of utility which an individual could have reached if the price of a commodity fell, or a new commodity became available. This is contrasted with the compensating variation, which is the amount of additional money needed to restore an individual's original level of utility if the price of any good consumed rises, or it ceases to be available.

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更新时间:2025/4/14 8:37:07