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PaulKet PaulKet
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Posts: 488
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6 years ago
If the price-consumption curve is upward sloping when the price of the good measured on the horizontal axis changes, then the demand curve for that good will be upward sloping.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 54 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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Replies
wrote...
6 years ago
False. An upward sloping price-consumption curve indicates that as the price of the good falls, more of both goods will be purchased. So the demand curve for the good measured on the horizontal axis slopes downward.
PaulKet Author
wrote...
6 years ago
Smiling Face with Open Mouth Yay, got perfect on my quiz
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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