Economy, asked by roshanparab2002, 4 months ago

Incase of a giffen good, the demand curve will be..

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Answered by loyaltyunuy

13

Answer:

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

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