Figure 6.2 illustrates a change in the price of soup. From the graph, we can conclude that:





A. the price of soup has increased and soup is a Giffen good.



B. the price of soup has fallen and soup is a Giffen good.



C. the price of soup has fallen and soup is a normal good.



D. the price of soup has fallen and bread is a Giffen good.


B. the price of soup has fallen and soup is a Giffen good.

Economics

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