Question

why the giffens paradox, demand curve is postive .. explain as long? thanks​

Answer 1

Answer:

With Giffen goods, the demand curve is upward sloping which shows more demand at higher prices. Since there are few substitutes for Giffen goods, consumers continue to remain willing to buy a Giffen good

Answer 2

Answer:

With Giffen goods, the demand curve is upward sloping which shows more demand at higher prices. Since there are few substitutes for Giffen goods, consumers continue to remain willing to buy a Giffen good when the price rises

Explanation:

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