Giffen goods are those goods Options: A . &nbspFor which demand increases as price increases B . &nbspThat have a high income elasticity of demand C . &nbspThat are in short supply D . &nbspNone of the above

Giffen goods are those goods

Question

Giffen goods are those goods

Options:

A . For which demand increases as price increases

B . That have a high income elasticity of demand

C . That are in short supply

D . None of the above

Answer: Option A

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