Giffen goods are those goods
(a) For which demand increases as price increases
(b) That have a high income elasticity of demand
(c) That are in short supply
(d) None of these
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HEY BUDDY HERE'S UR ANSWER-
OPTION A... IS 100% CORRECT...
HOPE IT HELPS
OPTION A... IS 100% CORRECT...
HOPE IT HELPS
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giffen goods is a good for which demand increases as the price increases, and falls when the price decreases.
finally your answer is option is 'a' (for which demand increases as price).
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