Question
How is O related to
S? Answer the questions based on the information given below. There are eight family members M, N, O, P, Q, R, S and T having two married couples and two grandchildren. R, who is unmarried, is the uncle of Q, who is daughter of O. T has one daughter and one son. N is granddaughter of M and sister of P. M is sister-in-law of R. T is not m male. Q has only one brother.Solution
The negative slope of the demand curve can be explained in which of the following terms?
I. Substitution effectÂ
II. Income effectÂ
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