Giffen Goods Probably Occur Most Frequently When the Good in Question

Multiple Choice

Giffen goods probably occur most frequently when the good in question is a:

A) luxury item like jewelry or yachts.
B) low-priced item that is insignificant relative to a person's total consumption.
C) a staple of a person's consumption pattern or represents a big share of a person's total expenditures.
D) technology-related item.