i need the answer quickly 1. Make curve and explain the Slutzky and Hicksian method of consumers behaviour2. Make curve and explain about the substitusion effect and income effect on normal goods, inferior goods and giffen goods

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-Make curve and explain the Slutzky and Hicksian method of consumers behaviour

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 5CQQ

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i need the answer quickly

1. Make curve and explain the Slutzky and Hicksian method of consumers behaviour
2. Make curve and explain about the substitusion effect and income effect on normal goods, inferior goods and giffen goods

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Step 1: Define consumer theory

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Step 2: Explain the Hicksian approach

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Step 3: Explain the Slutskian approach

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