Multiple Choice
Giffen goods have positively-sloped demand curves because they are
A) normal goods for which the income effect outweighs the substitution effect.
B) normal goods for which the substitution effect outweighs the income effect.
C) inferior goods for which the income effect outweighs the substitution effect.
D) inferior goods for which the substitution effect outweighs the income effect.
Correct Answer:

Verified
Correct Answer:
Verified
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