Economy, asked by QaiserQadir, 5 months ago

How can be an Inferior good differentiated from Giffen Good?​

Answers

Answered by sanjay18828
0

Answer:

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Answered by Anonymous
2

Explanation:

Inferior Goods and Giffen Goods

Giffen goods are rare forms of inferior goods that have no ready substitute or alternative such as bread, rice, and potatoes. The only difference from traditional inferior goods is that demand increases even when their price rises, regardless of a consumer's income.

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