Question content area Part 1 A columnist on forbes.com notes that many poor people have diets that are high in carbohydrates, such as potatoes, rice, or bread, with relatively little protein from meat or fish. He notes that as a consumer in this situation, if the price of the carbohydrates in your diet rises: "You'll cut out the more expensive fish, bacon or pork in order to buy more of that basic carbohydrate. And that's what a Giffen Good is." Source: Tim Worstall, "Being Quoted in the New York Times Is Great, But ...," forbes.com, November 23, 2014. Explain his reasoning that in this situation the carbohydrate is a Giffen good. A. The carbohydrate has an income effect that is very small relative to the substitution effect. B. Carbohydrates are Giffen goods because they have upward-sloping demand curves. C. Basic carbohydrates are Giffen goods because they are normal goods. D. Carbohydrates have no substitution effect to a price change.