Solved

Demand Curves Slope Downward Because

Question 43

Multiple Choice

Demand curves slope downward because


A) the substitution effect, which is always positive, dominates or reinforces the income effect.
B) the substitution effect, which is always negative, dominates or reinforces the income effect.
C) the income effect, which is always positive, dominates or reinforces the substitution effect.
D) the income effect, which is always negative, dominates or reinforces the substitution effect.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions