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stars_and_moon stars_and_moon
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7 years ago
Using income effect and substitution effect, explain how the demand curve for an inferior good could be upward sloping.  What must be true about the relative size of the income effect and the substitution effect in order to have an upward sloping demand curve for an inferior good?
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kingbykingby
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7 years ago
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This verified answer contains over 100 words.
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#2
7 years ago
I figured, great answer
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#3
7 years ago
Yup, vote with confidence!
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