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3. The slope of the Hicksian demand curve for good x can be positive or negative depending on whether good x is normal, inferior, or
3. The slope of the Hicksian demand curve for good x can be positive or negative depending on whether good x is normal, inferior, or Giffen. If the above statement is TRUE, then provide a clear justification (e.g., an example, a short proof using numbers, etc.) in support of your answer. If FALSE, then provide a counterexample. A correct answer without the correct explanation will receive zero point. (5) 3. The slope of the Hicksian demand curve for good x can be positive or negative depending on whether good x is normal, inferior, or Giffen. If the above statement is TRUE, then provide a clear justification (e.g., an example, a short proof using numbers, etc.) in support of your answer. If FALSE, then provide a counterexample. A correct answer without the correct explanation will receive zero point
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