When the price of butter was "low," consumers spent $5 billion annually on its consumption.When the price doubled,consumer expenditures increased to $7 billion.Recently you read that this means that the demand curve for butter is upward sloping.Do you agree?

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The Answer of When the price of butter was "low," consumers spent $5 billion annually on its consumption.When the price doubled,consumer expenditures increased to $7 billion.Recently you read that this means that the demand curve for butter is upward sloping.Do you agree?

When the Price of Butter Was "Low," Consumers Spent $5