Advertisements
Advertisements
Question
Give an example of Giffen goods.
One Line Answer
Solution
Bread, staple food (or rice) are an example of Giffen goods.
shaalaa.com
Determinants of Demand Or Demand Function
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
State two factors affecting the market demand for a commodity.
What are inferior goods?
If the quantity demanded of commodity X decreases as the householder's income increases. What type of a commodity is X? Give an example.
Explain how quantity demanded for commodity X will be affected by Government policy.
Define market demand.
Explain any four factors affecting the demand for a commodity.
Give two examples of substitute goods.
Give an example of inferior goods.
What are Veblen goods?
Given an example of Veblen goods.
