Use the following two statements in answering this question I All Giffen goods

Question

Use the following two statements in answering this question:
I. All Giffen goods are inferior goods.
II. All inferior goods are Giffen goods.
A) I and II are true.
B) I is true, and II is false.
C) I is false, and II true.
D) I and II are false.

Answer

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