CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

An increase in price of a(n) ______ leads to an increase in the quantity purchased at each price.
A. Veblen good
B. Giffen good
C. inferior good
Explanation: The opposite is true for Giffen goods and inferior goods. Note that Giffen goods are inferior goods.

User Contributed Comments 2

User Comment
bidisha Giffen goods are a special type of inferior good.
NickGerli Veblen Goods is related to the prices of products, not consumer incomes.
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