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Consider a downward-sloping demand curve. When the price of a normal good decreases, the income and substitution effects O work in opposite directions and quantity
Consider a downward-sloping demand curve. When the price of a normal good decreases, the income and substitution effects O work in opposite directions and quantity demanded increases. O work in the same direction to decrease quantity demanded. O work in opposite directions and quantity demanded decreases. O work in the same direction to increase quantity demanded
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