Suppose you only consume rice and bananas. Can both of these goods be Giffen goods in your consumption?

A) Yes, this is possible
B) No, at least one of the goods must be normal
C) No, they both can be inferior, but at least one of the goods cannot be a Giffen good
D) We need more information about the goods to answer this question

B

Economics

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The current price per share of the XYZ company, which is traded on the New York Stock Exchange, is $100. At that price, the total quantity of shares demanded is 1,000 and the total quantity supplied for trade is 1,500. It follows that

a. $100 is the equilibrium price per share. b. there will be downward pressure on the price of shares of the XYZ company. c. there will be upward pressure on the price of shares of the XYZ company. d. there is a shortage of shares of the XYZ company on the stock exchange.

Economics

An international financial crisis will likely occur when

A. the rate of money supply growth is not the same in all nations. B. newly-acquired political freedom in a country leads some interest groups to form a coalition limiting competition. C. many international investors look at the behavior of a few large investors to determine when funds should be withdrawn from a particular country. D. there is an increase in portfolio investment.

Economics