Multiple Choice
Figure 6.2 illustrates a change in the price of soup.From the graph,we can conclude that:
A) the price of soup has increased and soup is a Giffen good.
B) the price of soup has fallen and soup is a Giffen good.
C) the price of soup has fallen and soup is a normal good.
D) the price of soup has fallen and bread is a Giffen good.
Correct Answer:

Verified
Correct Answer:
Verified
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