Hicksian demand function
id:
hicksian-demand-function-238-14028760
title:
Hicksian demand function
text:
In microeconomics, a consumer's Hicksian demand function or compensated demand function for a good is their quantity demanded as part of the solution to minimizing their expenditure on all goods while delivering a fixed level of utility. Essentially, a Hicksian demand function shows how an economic agent would react to the change in the price of a good, if the agent's income was compensated to guarantee the agent the same utility previous to the change in the price of the good—the agent will rem
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in microeconomics
original url:
https://en.wikipedia.org/wiki/Hicksian_demand_function
date created:
date modified:
2024-01-30T04:26:42Z
main entity:
{"identifier":"Q204922","url":"https://www.wikidata.org/entity/Q204922"}
image:
fields total:
13
integrity:
14