Economy, asked by HEMANTHTHEROCKSTAR, 10 months ago

EXPLAIN GIFFEN'S PARDOX

Answers

Answered by heartkiller143

1

Explanation:

The Giffen Paradox is an exception to the law of demand which states an indirect relationship with price and demand as well as a direct relationship with income and demand. (When income increases, demand for a commodity also increases.) Giffen goods are nothing but inferior goods.

Previous Question

Next Question

Similar questions

Environmental Sciences, 5 months ago

Vachan badalkar likho . please give me answer please fast...

Math, 5 months ago

20.The practice of looking down upon the Blacks is known as ____________. Social discrimination Racial discrimination Racial law Secularism...

Hindi, 5 months ago

वेद' शब्द का क्या अर्थ है ? * 1 point धार्मिक क्रियाकलापों का समावेश राजनीति के क्रियाकलापों का संग्रह अपने समय के ज्ञान का संग्रह इनमे से कोई नहीं...

Math, 10 months ago

solve for x: 2x/x-3+1/x-2×2x+3=2/3...

Social Sciences, 10 months ago

If a country has a working-age population of 200 million, 135 million people with jobs, 10 million people who were looking for a job but have given up, and 5 million people unemployed and seeking employment, then its labor force is:...

English, 1 year ago

Which animals are we unlikely to ride?

Biology, 1 year ago

The fluid present in intercellular spaces formed by plasma protein and blood cells escaping through the blood capillaries is called...

Math, 1 year ago

Can you construct a triangle with 9 cm,5, cm 4 cm.