Three Measures of Consumer Welfare: Compensating Variation, Equivalent Variation, Consumer Surplus 

This video explained to me what 132 slides couldn't. Thanks!

Noooooo! I was just examined on this 3 days ago! Anyway great stuff, most useful uni econ tutor on the internet :)

One of the best videos on this lesson. Super duper helpful

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Couldn't be any more simpler...thanks a lot.

very helpful, thank you so much

Thank you so much🙏

well explained!!Thank you

very helpful video thank you so much

Sir How to find ev if u(x,y)=x+y Income=8 Orignal price of x=4 & y=2 Then price of x falls to 1.

Hi sir. I used this same method for quasi-linear utility function but EV is different from CV. However, understand that EV=CV in case of quasi-linear. Please advise. Thanks.

doing gods work

Hi there, How do we find the utility function of society when it comes to prepare some compensation policy due to price increase of an administered price?

Thank you very much!

in equivalent variation why is the budget after price change also being taken as 10?

Hey, kindly help me with this question. When is the equivalent variation equal to compensatory variation which is equal to consumer surPlus? A. When income effect is equal to zero B. When income effect is less than one C. When income effect is equal to substitution D. When income effect is greater than one

Thanks

Thank you 😌

Sir how to find EV and CV when price decreased?

What if demand for X depends on Y? You have used a poor example to help many problems as your MUy differentiates to 1

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My GPA thanks you

In the CS equation how the square upon Px is gone?

graphical representation would have been helpful

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