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Flashcard 1343469522188
Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #has-images #schweser
[unknown IMAGE 1343462444300]
Question
A Giffen good is an inferior good for which the
[what outweighs what]
when price falls.
Answer
negative income effect outweighs the positive substitution effect
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Parent (intermediate) annotation
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A Giffen good is an inferior good for which the
negative income effect outweighs the positive substitution effect
when price falls.
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