Griffin paradox is an exception
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=>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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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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