in case of griffen goods the demand curve will be
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In the case of a Giffen good, the demand curve will be
A Giffen good has an upward-sloping demand curve, which is contrary to the fundamental law of demand, which states that the quantity demanded for a product falls as the price increases, resulting in a downward slope for the demand curve
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Explanation:
In the case of a Giffen good, the demand curve will be
A Giffen good has an upward-sloping demand curve, which is contrary to the fundamental law of demand, which states that the quantity demanded for a product falls as the price increases, resulting in a downward slope for the demand curve.
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