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      Question

      “ All Giffen goods are inferior, but all inferior

      goods are not Giffen”. The statement is 
      A sometimes true Correct Answer Incorrect Answer
      B true Correct Answer Incorrect Answer
      C false Correct Answer Incorrect Answer
      D none of the above Correct Answer Incorrect Answer
      E all of the above Correct Answer Incorrect Answer

      Solution

      All Giffen goods are inferior, but all inferior goods are not Giffen is a true statement.

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