![Explain the meaning of Giffen paradox Explain the meaning of Giffen paradox](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Explain the meaning of Giffen paradox
Giffen paradox is a situation where the quantity demanded of inferior good increases whenever there is an increase in its price.
CATEGORIES Economics
TAGS Dr. Bbosa Science
Giffen paradox is a situation where the quantity demanded of inferior good increases whenever there is an increase in its price.