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MICROECONOMICS CH : 5 THEORY OF DEMAND — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 5 THEORY OF DEMAND1 Mark
Question
Define Giffen goods.
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Answer

Giffen goods are those inferior goods in the case of which there is a positive relationship between price and quantity demanded.

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