[单选题]

If widgets are a Giffen good, which of the following describes the effect of a price decrease in widgets? Quantity demanded will most likely.

A.Increase in accordance with the law of demand.

B.Decrease because a lower price makes a Giffen good less desirable.

C.Decrease because the income effect will more than offset the substitution effect.

参考答案与解析:

相关试题

If interest rate volatility increases, which of the following bonds will experience a price decrease

[单选题]If interest rate volatility increases, which of the following bonds will ex

  • 查看答案
  • Which of the following most accurately describes the maximum price for a currently callable bond?

    [单选题]Which of the following most accurately describes the maximum price for a cu

  • 查看答案
  • Which of the following statements best describes the effect of the issuance of long-term debt on the

    [单选题]Which of the following statements best describes the effect of the issuance

  • 查看答案
  • Which one of the following describes the

    [单选题]Which one of the following describes the similarity between the stack and the queue?(75)A.logical characteristicsB.physical characteristicsC.operation methodD.element type

  • 查看答案
  • Which of the following describes the paradox of the schools?

    [单选题]Which of the following describes the paradox of the schools?A.Discrepancy b

  • 查看答案
  • Which of the following best describes the attitude?

    [单选题]Which of the following best describes the attitude?A.Humanistic.B.Subjectiv

  • 查看答案
  • Which statement best describes option price sensitivities? The value of a:

    [单选题]Which statement best describes option price sensitivities? The value of a:A

  • 查看答案
  • Which statement best describes option price sensitivities? The value of a:

    [单选题]Which statement best describes option price sensitivities? The value of a:A

  • 查看答案
  • Which of the following correctly describes the English phoneme/θ/?

    [单选题]Which of the following correctly describes the English phoneme/θ/?A.A voice

  • 查看答案
  • Which of the following statements with respect to Giffen and Veblen goods is least accurate?

    [单选题]Which of the following statements with respect to Giffen and Veblen goods i

  • 查看答案
  • If widgets are a Giffen good, which of the following describes the effect of a price decrease in wid