- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 12. Topics in Demand and Supply Analysis
- Subject 3. Substitution Effect, Income Effect, Normal and Inferior Goods
CFA Practice Question
Which one is an inferior good?
A. A Veblen good
B. A Giffen good
C. Neither of them
Explanation: Veblen goods are not inferior goods. The two are fundamentally different.
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