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Author Question: The demand curve for a good with an income elasticity of less than one (Read 28 times)

Adc3669

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on: Oct 12, 2022

Question 1

If the income effect of a price change is negative and larger in absolute terms than the substitution effect, then the demand curve will be
◦ of indeterminate slope.
◦ upward sloping.
◦ horizontal.
◦ vertical.
◦ downward sloping.

Question 2

The demand curve for a good with an income elasticity of less than one
◦ will be upward sloping only if the income effect outweighs the substitution effect.
◦ indicates a normal good.
◦ must be downward sloping.
◦ will be upward sloping only if the substitution effect outweighs the income effect.
◦ must be upward sloping.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Adc3669 on Oct 12, 2022

ALuthy

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Adc3669

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

isabelt_18

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Reply 3 on: Yesterday
Wow, this really help

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