A Consumer's Demand Curve

question 128

Multiple Choice

A consumer's demand curve

• A)shows the quantity of a good or service that individual will demand at each different price
• B)shows the quantity of a good or service that individual will demand at different levels of income
• C)is derived by equating the income and substitution effects
• D)slopes downward because the income effect offsets the substitution effect
• E)will be vertical if the income effect outweighs the substitution effect

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