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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
State two factors affecting the market demand for a commodity.
What will be the impact of a rise in price on the demand for its complementary goods?
If due to fall in the price of good X, demand for Y rises, the two goods are ______.
What kind of a commodity will have inverse relation between income and demand?
Assertion (A): The statement 'A consumer buys 2 litres of milk everyday at a price of ₹50 per litre of milk' is demand statement.
Reason (R): The demand for a commodity is always expressed with references to price and time.
What do you mean by complementary goods?
With the help of a suitable example explain the effect of a rise in price on the demand for complementary goods.
Explain any four factors affecting the demand for a commodity.
Define complementary goods.
What are Veblen goods?
