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    • Question

      What is the demand curve for a Giffen

      good?
      A Downward sloping Correct Answer Incorrect Answer
      B Upward sloping Correct Answer Incorrect Answer
      C Perfectly elastic Correct Answer Incorrect Answer
      D Perfectly inelastic Correct Answer Incorrect Answer

      Solution

      The demand curve for a Giffen good is upward sloping, which means that as the price of the good increases, the quantity demanded also increases.

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