For normal goods, which of the following explain why demand curves slope downward?

Name: For normal goods, which of the following explain why demand curves slope downward?
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Question

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The substitution effect and income effect explain why demand curves slope downward for normal goods. As prices decrease, consumers substitute cheaper goods for more expensive ones (substitution effect), and their purchasing power increases, allowing them to buy more (income effect).

For Normal Goods, Which of the Following Explain Why Demand