Economy, asked by sasmitamajhi155, 4 months ago

Price consumption curve for a normal
Commodity
has

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Answered by Anonymous

Answer:

Upward-sloping price consumption curve for X means that when the price of good X falls, the quantity demanded of both goods X and Y rises. We obtain the upward-sloping price consumption curve for good X when the demand for good is inelastic, (i.e., price elasticity is less than one).

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