Economics · Consumer Theory
If a consumer's utility function is quasi-linear in good x, i.e., u(x, y) = v(x) + y, then which of the following is true?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Marshallian demand for x depends on income
- 2Hicksian and Marshallian demands for x coincide✓
- 3Income effect for x is positive
- 4Substitution effect for x is zero
Correct answer
Hicksian and Marshallian demands for x coincide
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