Question

in case of Giffen goods , the demand curve is
a) upward sloping
b) straight line parallel to x- axis
c) downward sloping​

Answer 1

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A Giffen good has an upward-sloping demand curve which is contrary to the fundamental laws of demand which are based on a downward sloping demand curve. Demand for Giffen goods is heavily influenced by a lack of close substitutes and income pressures.

Answer 2

Answer:

Upward sloping. ...

A Giffen good has an upward-sloping demand curve which is contrary to the fundamental laws of demand which are based on a downward sloping demand curve.

Explanation:

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