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For the vast majority of goods, demand curves slope downward because: a the income effect constitutes almost the entire effect of a price change, and this effect always causes quantity demanded and price to be inversely related. B the vast majority of goods are inferior goods. C marginal utility rises as quantity demanded increases. D the substitution effect constitutes almost the entire effect of a price change, and this effect always causes quantity demanded and price to be inversely related. E the income and substitution effects work in opposite directions

Q&A Education