Giffen goods exception kaise h law of demand ka.kyuki ye type of inferior good h then price kmm hone p demand jyda kaise ?

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...

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...