Economy, asked by karansaxena2678, 8 months ago

Explain relation between price of griffing goods and its demand.​

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Answered by nikita2008
0

Explanation:

With Giffen goods, the demand curve is upward sloping which shows more demand at higher prices. Since there are few substitutes for Giffen goods, consumers continue to remain willing to buy a Giffen good when the price rises.

Answered by seemadaga89
0

Answer:

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