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Given the utility-optimizing rule and the presence of diminishing marginal utility for a good the demand curve for the good will be vertical. there will
Given the utility-optimizing rule and the presence of diminishing marginal utility for a good the demand curve for the good will be vertical. there will not be a well-defined demand curve. there will not be a substitution effect. the demand curve for the good will be negatively sloped
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Economics
Authors: Stephen Slavin
11th Edition
978-0078021800, 0078021804
