If X has many close substitutes, there will be large substitution effects (what will the indifference curves look like?). -The demand curve is likely to be flat, with a small increase in price leading to a large decrease in demand. For a normal good, the IE reinforces the SE, causing demand to be flatter. -For an inferior good, the IE dampens the SE, leading to a steeper demand curve. Can someo

If X has many close substitutes, there will be large substitution effects (what will the
indifference curves look like?).

-The demand curve is likely to be flat, with a small increase in price leading to a large decrease in demand.
For a normal good, the IE reinforces the SE, causing demand to be flatter.

-For an inferior
good, the IE dampens the SE, leading to a steeper demand curve.

Can someone graph the Demand curve for a normal good and an inferior I'm having a hard time visualizing this. Thanks

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