Level: Ungrad, Micro
I have a task, http://imgur.com/a/JT4zB I have done some questions. While I can't understand the differences between Slutsky and Hicks approach. I get it theoreticaly, but I don't know what differences would appear during solution. Please help with substitution-income effect calculation.
P.S. I have calculated substitution effect somehow, but I'm not sure wich approach that would be.
Any help is appreciated.