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Author Question: One characteristic of a Giffen good is that it A) is a luxury good. B) is an inferior good. C) ... (Read 133 times)

misspop

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on: Jul 1, 2018
One characteristic of a Giffen good is that it
 
  A) is a luxury good.
  B) is an inferior good.
  C) has an upward-sloping Engel curve.
  D) All of the above.

Question 2

Suppose that frozen dinners were once a normal good for John, but now frozen dinners are an inferior good for him. John's demand curve for frozen dinners
 
  A) has become steeper as a result.
  B) has become flatter as a result.
  C) has not changed as a result.
  D) has disappeared as a result.
Microeconomics ¦ Perloff ¦ 8th Edition
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momtoalll

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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misspop

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Reply 2 on: Jul 1, 2018
:D TYSM

lcapri7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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