Question

what is giffin goods and normal goods​

Answer 1

✌❤HEYA_MATE❤✌

• A Giffen good is typically an inferior product that does not have easily available substitutes,
• as a result of which the income effect dominates the substitution effect.
• Giffen goods are quite rare, to the extent that there is some debate about their actual existence.

✌❤ PIYUSH_SHARMA❤✌