Question: The downward sloping demand curve is partially explained by which of the following? (A) Substitution effects and income effects. (B) The Law of Increasing Marginal

The downward sloping demand curve is partially explained by which of the following?

(A) Substitution effects and income effects.

(B) The Law of Increasing Marginal Costs.

(C) The principle of comparative advantage.

(D) The Law of Diminishing Marginal Returns to production.

(E) The least-cost principle.

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