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    Question

    “ All Giffen goods are inferior, but all inferior goods are not Giffen”. The statement is 

    A sometimes true Correct Answer Incorrect Answer
    B true Correct Answer Incorrect Answer
    C false Correct Answer Incorrect Answer
    D none of the above Correct Answer Incorrect Answer
    E all of the above Correct Answer Incorrect Answer

    Solution

    All Giffen goods are inferior, but all inferior goods are not Giffen is a true statement.

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