All giffen goods are1 inferior goods and all inferior goods, Ask an Expert

Economics

All Giffen goods are:

1. Inferior goods and all inferior goods are Giffen goods.

2. Normal goods and all normal goods are Giffen goods.

3. Inferior goods but not all inferior goods are Giffen goods.

4. Normal goods but not all normal goods are Giffen goods

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224093

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