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Meaning of Slutsky equation | Babel Free

Noun CEFR B2

Definitions

An equation that relates changes in Marshallian (uncompensated) demand to changes in Hicksian (compensated) demand, designed to explore a consumer's response to changes in price.

Examples

“This correspondence is then used in a derivation of Slutsky equations for assets.”

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

Slutsky's theorem slutt Slutter sluttery sluttification sluttiness

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