Homework answers / question archive / At the intersection of a Marshallian demand curve and the corresponding Hicksian demand curve, the Marshallian demand is always more elastic with respect to the own price than the Hicksian demand, since Marshallian demand depends on income effects

At the intersection of a Marshallian demand curve and the corresponding Hicksian demand curve, the Marshallian demand is always more elastic with respect to the own price than the Hicksian demand, since Marshallian demand depends on income effects

Economics

Share With

At the intersection of a Marshallian demand curve and the corresponding Hicksian demand curve, the Marshallian demand is always more elastic with respect to the own price than the Hicksian demand, since Marshallian demand depends on income effects. Is this statement True, False, or Uncertain?