Giffen Good Definition: History With Examples

Giffen goods are non-luxury items that generate higher demand when prices rise, creating an upward-sloping demand curve contrary to standard laws of demand.

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Inferior Goods, Economics

Engel Curve Definition, Mechanics & Examples - Video & Lesson

What are Giffen goods? Definition and meaning

Giffen Goods - Meaning, Key Characteristics, Example

Normal vs. Inferior Goods Definition, Examples & Demand Curve

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Diamond-Water Paradox Definition, Explanation & Examples - Video

Giffen Goods - Meaning, Key Characteristics, Example

Inferior Good in Economics Definition & Examples - Video