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Use the Following Two Statements in Answering This Question

Question 135

Multiple Choice

Use the following two statements in answering this question:
I. All Giffen goods are inferior goods.
II. All inferior goods are Giffen goods.


A) I and II are true.
B) I is true, and II is false.
C) I is false, and II true.
D) I and II are false.

Correct Answer:

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