The goods that increase consumption as the price increases are known as the Giffen good. Thus, it violates the law of demand by showing an upwards-sloping curve of the demand. Moreover, all the Giffen ...
I am 21 years old and an avid Motorsports enthusiast. INDIA: In economics, the Giffen good is a rare and puzzling phenomenon that challenges the simple laws of supply and demand. A Giffen good is a ...
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