26. COMPENSATING VARIATION AND EQUIVALENT VARIATION | Microeconomics [Full Theoretical Explanation] 

Thank you very much you clear-up my confusion.... am following from Zimbabwe.

First of all, nice initiative and good explanation. Now, my question. In the equivalent variation curve, will the consumer be in equilibrium at point 4 or point 2? You said point 4, but, I think it would be point 2 because since the price of x1 has fallen, the consumer would want to buy more of x1. It would be great if you could explain.

I am from the States and love your explanation that really clear my doubt now. Thank you so much.

Great explanation mam keep your efforts continue

Lecture starts from 1:40

Nice explanation.. But in diagrammatic representation we have to take 2 products in X and Y axes not output and price since we are dealing with the IC

The labelling of the axes is incorrect. On both the axes we have quantities of the goods. And the budget line that you say passes through the IC, it is actually tangent to the IC. The explanation of the theory was good though

Ma'am I love you ❤️

Thanks 😊

excellent lecture please make lecture as per ugc net economic syllabus

Mam what is the use of cv i didnt understand

Thanks

Thank you

Can you please explain these concepts with a hypothetical example!

what about compensating variation in different typed of good for example normal good inferior good and giffen goods

fair

Pls differntiate willingness to pau and willingness to accept

Nhii aaya smjh me ma'am

boring