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bdkbZ 4 % Øeokpd mi;ksfxrk fl¼kar % rVLFkrk ;k vukfèkeku oØ n`f"Vdks.k





          4-20   izfrLFkkiu izHkko rFkk vk; izHkko dh igpku ;k dher izHkko dk izfrLFkkiu         uksV
                 izHkko vkSj vk; izHkko esa foHkktu
                (Identification of Substitution Effect and Income Effect of
                Splitting Price Effect into Substitution Effect and Income Effect)


          dher izHkko ls izfrLFkkiu izHkko rFkk vk; izHkko esa foHkkftr gksus ls lacafèkr fuEufyf[kr nks n`f"Vdks.k gSaA
          (a) fgDl dk n`f"Vdks.k (The Hicksian Approach)] vkSj (b) LVyLdh dk n`f"Vdks.k (The
          Slutsky’s Approach)

          4-21 fgDl dk n`f"Vdks.k (The Hicksian Approach)


          1- lkekU; oLrqvksa osQ fy, izfrLFkkiu izHkko rFkk vk; izHkko dk vyxko
             (Separation of Substitution Effect and Income Effect for Normal Goods)

          lkekU; oLrq,¡ os oLrq,¡ gSa ftudk izfrLFkkiu izHkko ½.kkRed ijarq vk; izHkko èkukRed (Positive) gksrk
          gSA okLro esa] izfrLFkkiu izHkko lnSo ½.kkRed gksrk gSA bldk vFkZ gS fd fdlh oLrq dh ek¡sxh xbZ ek=kk
          esa o`f¼ gksrh gS tc og lkisf{kd :i esa lLrh gks tkrh gS vkSj ek¡x esa deh gks tkrh gS tc og lkisf{kd
          :i esa eg¡xh gks tkrh gSA èkukRed vk; izHkko dk vFkZ gS fd oLrq dh dher osQ fxjus ls okLrfod vk;
          esa o`f¼ gksrh gS ftlls ek¡xh xbZ ek=kk c<+rh gSA vU; 'kCnksa esa] vk; izHkko okLrfod vk; rFkk ek¡xh xbZ ek=kk
          esa lnk izR;{k lacaèk dks izdV djrk gS ijarq dher vkSj ek¡xh xbZ ek=kk osQ chp ½.kkRed lacaèk dk laosQr
          nsrk gSA vU; 'kCnksa esa] èkukRed vk; izHkko mlh fn'kk esa lapfyr gksrk gS ftl fn'kk esa ½.kkRed
          izfrLFkkiu izHkko lapfyr gksrk gSA (Positive income effect moves in the same direction as
          the negative substitution effect.) bldk vfHkizk; ;g gS fd dher ifjorZu osQ dkj.k izfrLFkkiu
          izHkko rFkk vk; izHkko nksuksa lkekU; oLrq osQ vfèkd miHkksx dks O;Dr djrs gSa tc ml oLrq dh dher esa
          fxjkoV vkrh gSA pw¡fd dher izHkko] vk; rFkk izfrLFkkiu izHkko dk la;ksx gS blfy, yksx lkekU; oLrq dh
          ek¡x vfèkd djrs gSa tc ml oLrq dh dher ?kVrh gSA la{ksi esa] izfrLFkkiu izHkko rFkk vk; izHkko nksuksa gh
          dher vkSj ek¡xh xbZ ek=kk osQ chp foijhr lacaèk dks O;Dr djrs gSaA blfy, lkekU; oLrqvksa osQ fy, ek¡x
          oØ dk <yku lnk ck,¡ ls nk,¡ uhps dh vksj (Downwards Slope) gksrk gSA

                                             fp=k 4-24

                                     Y       Price Effect = SQ
                                             Substitution Effect = TQ
                                   R
                                             Income Effect = ST

                                  Oranges  L  C


                                               B
                                                              IC
                                        A
                                             IC
                                               1

                                    O    ST   NQ   P          M     X
                                  Income
                                                   Apples
                                  Effect
                                                   Substitution Effect
                                       Price Effect


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