If a Good Is a Giffen Good,then

question 140

Multiple Choice

If a good is a Giffen good,then

• A) the supply curve slopes down.
• B) the demand curve slopes up.
• C) the demand curve is horizontal.
• D) there is no optimal level of consumption for the consumer.

---

Definitions:

Voluntarily

Done, given, or acting of one's own free will without coercion or expectation of reward.

Nonwrongful Dissociation

Occurs when a member exits a partnership or limited liability company without violating the agreement terms or causing harm.

Value

The importance, worth, or usefulness of something, often determined by its desirability, utility, or monetary worth.

Charging Order

A legal order granted by a court to a creditor, allowing the seizure of an asset or financial interest of the debtor within a partnership or limited liability company.