RE: Economic Concepts - Giffen Goods (Video) by wilfredn

View this thread on steempeak.com

Viewing a response to: @spectrumecons/qnl5oxnn

· @wilfredn ·
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.
properties (22)
post_id31,875,757
authorwilfredn
permlinkre-spectrumecons-qnl5oxnn-20180211t121248305z
categoryeconomics
json_metadata"{"app": "busy/2.3.0", "community": "busy", "tags": ["economics"]}"
created2018-02-11 12:12:48
last_update2018-02-11 12:12:48
depth1
children0
net_rshares0
last_payout2018-02-18 12:12:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length239
author_reputation909,680,507,660
root_title"Economic Concepts - Giffen Goods (Video)"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000