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For Most Goods,demand Curves Slope Downward Because

Question 72

Multiple Choice

For most goods,demand curves slope downward because:


A) marginal utility rises as quantity demanded increases.
B) the substitution effect constitutes almost the entire effect of a price change,and this effect always causes quantity demanded and price to be inversely related.
C) the income effect constitutes almost the entire effect of a price change,and this effect always causes quantity demanded and price to be inversely related.
D) the income and substitution effects work in opposite directions.

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