Okra was $13.00 per bushel in 2015, and 1.5 million bushels were sold. Okra was $14.00 per bushel in 2016, and 2.0 million bushels were sold. “If in both cases the okra market was in equilibrium, this must be an example of an exception to the law of demand."

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In above example Okra would be classified as a Giffen good These are the types of inferior goods ... View the full answer