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Question 1 9 ( 1 point ) For a Giffen good, what effect does an increase in its price have? It increases the quantity supplied.
Question point For a Giffen good, what effect does an increase in its price have? It increases the quantity supplied. It increases the quantity demanded. It decreases the quantity demanded. It decreases the quantity supplied.
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For a Giffen good, what effect does an increase in its price have?
It increases the quantity supplied.
It increases the quantity demanded.
It decreases the quantity demanded.
It decreases the quantity supplied.
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