For a Demand Curve to Be Upward Sloping, the Good

question 288

Multiple Choice

For a demand curve to be upward sloping, the good would have to be an inferior good, and

• A)the income effect would have to be larger than the substitution effect.
• B)the income effect would have to be smaller than the substitution effect.
• C)the income effect would have to be equal to the substitution effect.
• D)the income effect and the substitution effect would have to be nonexistent.

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Definitions:

Butylpropylamine

Butylpropylamine is an organic compound characterized by its structure comprising both butyl and propyl amine groups, and it's used in various chemical syntheses and applications.

Ethylpropylamine

A chemical compound which is an amine derivative from ethyl and propyl groups.

Compound

A compound created by the chemical combination of two or more elements bonded together.

Boiling Point

The boiling point is the temperature at which a liquid turns into a vapor at a given pressure, characteristic for each substance.