Question: What is indirect utility function ? How HICKS versus MARSHALL demand functions differ from each other? Why do we need two demand functions ?

What is indirect utility function ? How HICKS versus MARSHALL demand functions

What is indirect utility function ? How HICKS versus MARSHALL demand functions differ from each other? Why do we need two demand functions ?

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The detailed answer for the above question is provided below Indirect utility function An indirect utility function is a concept in economics that represents an individuals maximum level of satisfacti... View full answer

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