Why Do Giffen Goods Have Positively Sloped Demand Curves

question 142

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.

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