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    Exam 21: The Theory of Consumer Choice
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    A Giffen Good Is a Good for Which an Increase
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A Giffen Good Is a Good for Which an Increase

Question 215

Question 215

Multiple Choice

A Giffen good is a good for which an increase in the price


A) decreases the quantity supplied.
B) increases the quantity supplied.
C) decreases the quantity demanded.
D) increases the quantity demanded.

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