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

How to calculate CV, EV and change in consumer surplus from a price change.
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[@anki9332]

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

[@EconomicsinManyLessons]

Great to hear!

[@nani2155]

Can't agree more

[@Explorer982]

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

[@cartilo2619]

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

[@EconomicsinManyLessons]

Thank you for the nice comment.

[@lalalander8257]

Donated cuz u saved me for midterm. Pls keep saving me tysm!

[@ThobelaGoge]

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

[@boikarabellolengopeng8836]

very helpful, thank you so much

[@imackinn]

Thanks

[@pututp]

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?

[@beomkomap]

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.

[@abdulrahmanqadeer6558]

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.

[@panashegara1257]

well explained!!Thank you

[@darkacademiax_]

doing gods work

[@lamiaaelrhaz3953]

Thank you very much!

[@devikagovind9229]

very helpful video thank you so much

[@aakritiaggarwal8230]

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

[@no-rq7fp]

I would give you the answer but you seem to be indian

[@A_struggling_researcher07]

Option A

[@oreki8707]

A

[@figulapt3784]

bro, answer is literally on the video

[@chinmayasreeram9892]

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

[@A_struggling_researcher07]

Thank you 😌

[@imackinn]

My GPA thanks you

[@claudiaa1189]

I love uuuuuuuuu ❤ thanks

[@HJProductions]

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

[@farhaanahmed8924]

true

[@sarahsparsha9864]

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

[@EconomicsinManyLessons]

The integral of 1/Px^2 = -1/Px. Notice if you take the derivative of -1/Px you get 1/Px^2.

[@nafeulferdousshopnil]

Sir how to find EV and CV when price decreased?

[@juliano.7894]

graphical representation would have been helpful

[@iamgiliberto]

Do you do online tutoring?

[@EconomicsinManyLessons]

Sorry, I don't do that.