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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