Explain the meaning of Giffen paradox

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
TAGS
Share This

COMMENTS

Wordpress (4)
  • comment-avatar

    You always make things easy to understand. TamilBlasters Com

  • comment-avatar
  • comment-avatar
  • comment-avatar

    Stay entertained anywhere with the feature-packed Raja Luck App.

  • Disqus ( )