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In: Economics

1- When the Income increases in the case of Giffen goods , what do you think...

1- When the Income increases in the case of Giffen goods , what do you think will happen to the demand

…illustrate your answer with graph .

2- Do you think the monopolist acts as profit maximizing ( price , cost ) ? illustrate your answer with graph

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Expert Solution

Rahul Sunny answered 1 year ago
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