Cases of Hicksian and Slutsky Analysis

Hicksian and Slutsky Analysis is used to decompose the price effect (change in demand because of change in price) into two sub effects, substitution effect and income effect. Hence can be used to analyse change in welfare of the consumer also change in demand of substitute products.

The animation of this Hicksian and Slutsky Analysis is prepared in the file linked below. Have a look and your criticism and suggestions are welcomed.

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