Economy, asked by yashvi210605, 2 months ago

Griffin paradox is an exception​

Answers

Answered by AbhiThakur07
0

Explanation:

=>The Giffen Paradox is named after Sir Robert Giffen and is an exception to the Law of demand. He observed that when the price of bread increased, then the low-paid British wage earners bought more of bread and not less.

This phenomena was referred to as 'Giffens Paradox'.

Answered by jagruti6551
11

Answer:-

The Giffen Paradox is named after Sir Robert Giffen and is an exception to the Law of demand. He observed that when the price of bread increased, then the low-paid British wage earners bought more of bread and not less. ... This phenomena was referred to as 'Giffens Paradox'.

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