In the case of Giffin's paradox, the slope of the demand curve with respect to price is ___________ *
Negative
Positive
Parallel to x axis
Parallel of Y axis
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In the case of 'Giffen goods' there is direct price demand relationship. Therefore the demand curve is upward sloping to the right 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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