Which of the following is an example of a Giffen good?
a. fish in Japan
b. rice in the Chinese province of Hunan
c. pork in India
d. Both a and b are correct.
b
Economics
You might also like to view...
If the demand curve for a product shifts to the left and the supply curve for the product shifts to the left, the equilibrium quantity will decrease
Indicate whether the statement is true or false
Economics
Define the following terms and explain their importance to the study of economics
a. maximin criterion b. Nash equilibrium c. Dominant Strategy d. Zero-sum game e. Credible threat
Economics