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    Principles of Economics Study Set 8
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    Exam 21: The Theory of Consumer Choice
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    If a Good Is a Giffen Good, Then
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If a Good Is a Giffen Good, Then

Question 115

Question 115

Multiple Choice

If a good is a Giffen good, then


A) the supply curve is downward sloping.
B) the demand curve is upward sloping.
C) the demand curve is horizontal.
D) there is no optimal level of consumption for the consumer.

Correct Answer:

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