Why are compensated demand curves always downward sloping? a. Compensated demand curves are always downward sloping because they only show the substitution effect of a price change. b. Compensated demand curves are always downward sloping because they only show the income effect of a price change. c. Compensated demand curves aren't always downward sloping. They can be upward sloping if the good is a Giffen good. d. Compensated demand curves are always downward sloping because Hicks assumed that they would be downward sloping when he developed the model. e. Compensated demand curves are always downward sloping because the substitution effect is always greater than the income effect on compensated demand curves.
Why are compensated
a. Compensated demand curves are always downward sloping because they only show the substitution effect of a
b. Compensated demand curves are always downward sloping because they only show the income effect of a price change.
c. Compensated demand curves aren't always downward sloping. They can be upward sloping if the good is a Giffen good.
d. Compensated demand curves are always downward sloping because Hicks assumed that they would be downward sloping when he developed the model.
e. Compensated demand curves are always downward sloping because the substitution effect is always greater than the income effect on compensated demand curves.
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