-metric utility (et p) is elp, v(p,w)). on the choice of P. in consumer welfare from (p,w) to (p', w') elp, v(p',w')) - elp, v (p,w)). Indirect money This depends change Equivalent variation: EV = e(₁₁ v(p₁ ~')) - e(p, v (p₁w)) = e(p, v (p², w')) - w W

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