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Answer to Question #84186 in Microeconomics for Mariam

Question #84186
Examine the following statement
“The constant real income demand curve must have a negative slope.”
1
Expert's answer
2019-01-15T08:49:11-0500

The demand curve is characterized by a downward slope from the left to the right. The negative slope is termed as the law of demand that implies that people buy more services, products and resources as their prices reduces.

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