Multiple Choice
-Figure 6.2 illustrates a change in the price of soup.From the graph,we can conclude that
A) The price of soup has increased and soup is a Giffen good
B) The price of soup has fallen and soup is a Giffen good
C) The price of soup has fallen and soup is a normal good
D) The price of soup has fallen and bread is a Giffen good
Correct Answer:
Verified
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