Question: Please choose all the answers that are correct. Marks will only be awarded if you find all the correct answers and do not select

Please choose all the answers that are correct. Marks will only be awarded if you find all the correct answers and do not select a wrong answer. When a consumer faces a change in the exogenous conditions in a market, Compensating Variation is the amount of money that leaves the consumer as well off as he was before. the amount of extra money the consumer needs to be able to buy the same bundle that he was buying before. is always positive. is exactly the same as consumer surplus.

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