what are Griffin goods
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HEY MATE....GRIFFIN GOODS ARE THOSE WHOSE DEMAND CURVE DOES NOT MEET WITH THE "FIRST DEMAN RULE," e.g-THE PRICE OF QUANTITY REQUIRED BY GRIFFIN GOODS ARE REVERSED....
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answer :-A good where a higher price causes an increase in demand (reversing the usual law of demand). The increase in demand is due to the income effect of the higher price
outweighing the substitution effect.
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