Which statement correctly describes the downward-sloping demand curve for an inferior good?
- ANegative income effect and substitution effect move in opposite directions, leading to a steeper demand curve.
- BNegative income effect and substitution effect move in the same direction, leading to a flatter demand curve.
- CPositive income effect and substitution effect move in opposite directions, leading to a steeper demand curve.
- DPositive income effect and substitution effect move in the same direction, leading to a flatter demand curve.