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posted by  Emma1991 on 10/27/2009 12:20:25 AM  |  status: Closed  |  Earned Karma: 50

Urgent: The average demand curve slopes downward due to all of the following EXCEPT

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N/A Economics Today: The Microview. N/A N/A 10/28/2009 at 7:00:00 PM
Question Details:
The average demand curve slopes downward due to all of the following EXCEPT:
 
A.     the law of increasing relative costs.
B.    the laws of diminishing marginal utility.
C.    the real-income effect.
D.    the principle of substitution.

explain why please ...
Tags: Economics
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posted by devis on 10/27/2009 12:47:05 AM  |  status: Live
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Response Details:
      The laws of diminishing marginal utility, the real-income effect and the substitution effect will lead to a downward sloping demand curve.
Thus, Answer is Option (A) the law of increasing relative costs.
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