Multiple Choice
Why do Giffen goods have positively sloped demand curves
A) They are inferior goods with no substitution effect.
B) They are normal goods with no substitution effect.
C) They are inferior goods for which the substitution effect outweighs the income effect.
D) They are inferior goods for which the income effect outweighs the substitution effect.
Correct Answer:
Verified
Correct Answer:
Verified
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