1. Read the article on Wattle: Jensen, R.T, and N.H Miller "Giffen Behaviour and Subsistence Consumption", AER, Vol. 98 (4), pp1553-1577. [At the very least read the introduction, section | and the conclusion]. (a) On three separate diagrams draw and explain the income and substitution effects for the three cases below and the resulting Marshallian Demand Curves 1. The 'wealthy' poor 2. The poor 3. The 'very' poor (b) Under what conditions does the author say you see Giffen behaviour? Do you agree with these findings? Discuss. Can you think of other goods/circumstances where this might occur