Scott finds that the higher the price of orange juice, the more money he spends on orange

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Scott finds that the higher the price of orange juice, the more money he spends on orange juice. Does that mean that Scott has discovered a Giffen good?

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Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Dec 19, 2015 05:34 AM

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Scott finds that the higher the price of orange juice, the more money he spends on orange

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Scott has not necessarily discovered a Giffen good For a good to be a Giffen go...View the full answer

Microeconomics

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