The Giffen goods are ………. Goods

Related MCQs

• In case of Giffen goods, demand curve will slope:
• The claim that, other things equal, the quantity supplied of a goods rises when the price of goods raises known as:
• What effect is working when the price of a good falls and consumers tend to buy it insteadof other goods
• Two goods that are used jointly to provide satisfaction are called
• “…………in economics means demand backed up by enough money to pay for the goods demanded”
• When the demand changes due to changes in other factors, like taste and preferences, income, price of related goods etc... , it is called
• Demand for necessary goods (salt, rice, etc,) is……….and demand for comfort and luxury good is