Suppose the substitution effect of a good is positive, and income effect of the goods is negative. The income effect outweighs its substitution effect. The good is a:
  A. Veblen good
  B. Giffen good
  C. Non-satiation good
  Solution:B
  Giffen goods & Veblen goods: 吉芬商品的替代效應(yīng)為正,收入效應(yīng)為負(fù),總效應(yīng)為負(fù);Veblen商品用替代效應(yīng)和收入效應(yīng)沒有辦法去解釋Non-satiation good:non-satiation是越多越喜歡,這種商品是一般的商品,就是價(jià)格越低,消費(fèi)量越高。