Use the Following Two Statements in Answering This Question

Multiple Choice

Use the following two statements in answering this question:
I. For all Giffen goods the substitution effect is larger than the income effect.
II. For all inferior goods the substitution effect is larger than the income effect.

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