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प्रश्न
Give an example of Giffen goods.
उत्तर
Bread, staple food (or rice) are an example of Giffen goods.
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संबंधित प्रश्न
What will be the impact of a rise in price on the demand for its complementary goods?
Which of the following is not a determinant of demand?
If due to fall in the price of good X, demand for Y rises, the two goods are ______.
The demand for a Good X increases when the price of its substitute ______ OR when the price of its complements ______.
What are inferior goods?
Explain the impact on demand of complementary goods.
If price of X increases, then demand for Y too increases. What is the relationship between goods X and Y? Give an example.
Explain any three determinants of market demand.
Give two examples of substitute goods.
Given an example of Veblen goods.
