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Satsume Satsume
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6 years ago
Suppose you only consume rice and bananas.  Can both of these goods be Giffen goods in your consumption?
A) Yes, this is possible
B) No, at least one of the goods must be normal
C) No, they both can be inferior, but at least one of the goods cannot be a Giffen good
D) We need more information about the goods to answer this question
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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boransalboransal
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#1
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6 years ago
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