Giffen goods: The Economics Paradox Explained
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Giffen goods: The Economics Paradox Explained
Giffen goods: The Economics Paradox Explained What are Giffen Goods? Normally, when the price of something goes up, people buy less of it. That’s basic economics — higher price = lower demand. But Giffen goods are strange. With these goods, when the price goes up, people buy more of them! 👉 It's a rare exception to the usual rule of ...
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Giffen good Economics
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