Is it possible for a demand curve to be upward sloping? Yes, for normal goods wh

Question

Is it possible for a demand curve to be upward sloping?

Yes, for normal goods where the income effect dominates the substitution effect

Yes, for inferior goods where the income effect dominates the substitution effect

Yes, for any good where the substitution effect dominates the income effect

All of the above

Yes, for normal goods where the income effect dominates the substitution effect

Yes, for inferior goods where the income effect dominates the substitution effect

Yes, for any good where the substitution effect dominates the income effect

All of the above

Explanation / Answer

Answer
Yes, for inferior goods where the income effect dominates the substitution effect
the income effect is more because increase income decrease the consumption of the good

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