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Commerce · Q1240

Economics

Graduate and Post Graduate · Commerce · question 1240

Q1240

Giffen goods may be defined as those goods whose price effect is . . . . . . . . and income effect is . . . . . . . .

A.
positive, negative
Answer
B.
negative, positive
C.
positive, elastic
D.
negative, elastic

Answer: Option A

Solution

Answer: Option A
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