Sonam Asked a Question
June 22, 2021 1:54 pmpts 30 pts
giffen goods exception kaise h law of demand ka.kyuki ye type of inferior good h then price kmm hone p demand jyda kaise ?
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  • Rucha rajesh shingvekar Best Answer
    A Giffen good is considered to be an exception to the Law of Demand. The unique features of a Giffen good results in quantity demanded increasing when there is an increase in price...
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  • Priya gulani thankyou
    The Irish Potato Famine is a classic example of the Giffen goods concept. Potato is a staple in the Irish diet. During the potato famine, when the price of potatoes increased, peop...
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