Leopold consumes only kidneys and liver. When the price of kidneys rises, Leopold responds by eating less

Question:

Leopold consumes only kidneys and liver. When the price of kidneys rises, Leopold responds by eating less liver.
a. Can you determine whether liver is an inferior good for Leopold?
b. Can you determine whether liver is a Giffen good for Leopold?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: