Question:

Substitution effect or the income effect which is more important for downward sloping demand curve?

by  |  earlier

0 LIKES UnLike

which of these two is important in accounting for downward demand curve?

 Tags:

   Report

1 ANSWERS


  1. It  varies depending on the good you're considering and its price and income elasticities.

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.