Economy, asked by padma6743, 10 months ago

what is giffen goods.​

Answers

Answered by kajal1462
1

Answer:

A Giffen good is a low income, non-luxury product that defies standard economic and consumer demand theory. Demand for Giffen goods rises when the price rises and falls when the price falls.

Answered by punamswara17
0

Answer:

answer in that image given below

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