_____ is a type of good for which demand increases as its price rises ?Giffen Good Capital Good Consumer Good none
Question
Solution 1
The answer is Giffen Good. A Giffen Good is a type of good for which demand increases as its price rises. This is a rare type of good and goes against the basic law of demand in economics which states that as the price of a good increases, the quantity demanded decreases. Giffen goods are typically Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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