[Answered] Demand curves usually slope downward because of the income and substitution effects, and because of ...

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Author Question: Demand curves usually slope downward because of the income and substitution effects, and because of ... (Read 70 times)

torybrooks

Hero Member
Posts: 500

on: Jul 1, 2018

Demand curves usually slope downward because of the income and substitution effects, and because of the law of diminishing marginal utility.
a. True
b. False

Question 2

Positive marginal utility implies increasing total utility.
a. True
b. False

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Marked as best answer by a Subject Expert

Liamb2179

Sr. Member
Posts: 365

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

A

torybrooks

Member
Posts: 500

Reply 2 on: Jul 1, 2018

Excellent

bdobbins

Member
Posts: 326

Reply 3 on: Yesterday

YES! Correct, THANKS for helping me on my review

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