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5- Is it possible for consumption of a good to decline when its price falls? Put it another way,can a demand curve ever slope up?
5- Is it possible for consumption of a good to decline when its price falls? Put it another way,can a demand curve ever slope up? Back up your claim with anincome and substitution effects table + explanation (like 2a).If you argue it's possible, what has to be true about the inc/sub effects?If you argue it can't happen, what about inc/sub effects makes it impossible?
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