Viewing a response to: @spectrumecons/qnl5oxnn
Q1. A, likely to have negative income effect. Wheat flour is a close candidate but it's an input in luxury goods as well (gourmet pizzas etc) so income effect is ambiguous. Q2. B, because good C is the only one with negative income effect.
post_id | 31,875,757 |
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author | wilfredn |
permlink | re-spectrumecons-qnl5oxnn-20180211t121248305z |
category | economics |
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created | 2018-02-11 12:12:48 |
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root_title | "Economic Concepts - Giffen Goods (Video)" |
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