Examlex
Transference refers to:
Compensating Variation
An economic concept referring to the amount of additional income required to keep an individual at the same level of utility after a price change.
Price of Earrings
The cost at which earrings are sold, which may vary based on materials, design, and brand.
Income
The amount of money or assets received over a period of time, typically through work, investments, or business operations.
Compensating Variation
An economic concept representing the monetary amount needed to compensate an individual for a price change or policy effect, keeping utility constant.
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