Economics · Microeconomics
Which of the following are properties of the indirect utility function?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the above✓
- 2It is quasi-convex in prices.
- 3It is strictly decreasing in prices and strictly increasing in income.
- 4It is homogeneous of degree zero in prices and income.
Correct answer
All of the above
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