can the compensated demand curve take positive slope
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In the case of the ordinary demand curve like D, both the substitution and income effects are in operation and they explain the downward slope of the curve. ... On the other hand, the compensated demand curves will have a negative slope because they are not affected by the income effect.
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the case of the ordinary demand curve like D, both the substitution and income effects are in operation and they explain the downward slope of the curve. ... On the other hand, the compensated demand curves will have a negative slope because they are not affected by the income effe
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