If a consumer is compensated for the income effect that occurs when the price of a good increases,then his demand curves can never slope upward.

Name: If a consumer is compensated for the income effect that occurs when the price of a good increases,then his demand curves can never slope upward.
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Quizplus · Accepted Answer

The demand curve would only include the substitution effect.Even for Giffen goods,dq/dp is negative holding utility constant.

If a Consumer Is Compensated for the Income Effect That