I would like to know CV EV and change in consumer's surplus for an inferior good!...

I would like to know CV EV and change in consumer's surplus for an inferior good! It would be nice if you could draw a graph as well :)

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Expert Solution

Dear Student/ Learner, I have shown the Hicksian decomposition through the diagrams, with comparitive study to the normal good case. Hope this serves your purpose. it was my great pleasure to help you solving this problem. I wish you best luck for your learning endeavour.
Happy Learning

Rahul Sunny answered 2 months ago

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