A demand curve will have a positive slope when:
A) the good is an inferior good.
B) the income effect of a price change outweighs the substitution effect.
C) there are no substitutes for the good.
D) the good can be consumed only with some other good.
Correct Answer:
Verified
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Q34: In case of a normal good,the income
Q35: For normal goods,the demand curve is:
A)always upward
Q36: When the substitution effect of a price
Q38: The difference between an inferior good and
Q39: Which of the following must be true
Q40: The combination of an excise tax and
Q41: A consumer is willing to pay a
Q42: At the price of $3,consumers A,B,C,and D
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