Multiple Choice
If a rise in the price of good X causes the quantity demanded of good X to fall,then
A) the Engel curve for good X is downward sloping.
B) the (ordinary) demand curve for good X is downward sloping.
C) the demand for good X is elastic.
D) good X must be a Giffen good.
Correct Answer:
Verified
Correct Answer:
Verified
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