all giffen goods are inferior but not all inferior goods are giffen.discuss?

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all giffen goods are inferior but not all inferior goods are giffen.discuss?

2006-10-10 04:58:54 · 2 answers · asked by Faisal L 1 in Social Science ➔ Economics

2 answers

"Given" is the word you want, I think. The first part of the sentence is contentious because it implies that gifts, by their very nature, must be of lesser quality. The second half can not be contended.

However the only statement that would make sense to most people (using your vocabulary) is:
"Not all given goods are inferior".

2006-10-12 07:22:35 · answer #1 · answered by ♫ Rum Rhythms ♫ 7 · 0⤊ 0⤋

would really like to be able to disuss this but sorry to be blonde and unintelligent but what is giffen food?

2006-10-10 19:31:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋