Economy, asked by RiyaGungun, 1 month ago

What is Giffen Goods???

Answers

Answered by amanrooprai81

Explanation:

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 Prakshi1415

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.

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