is it true "Whenever a good is a Giffen good it has a positively-sloped demand curve"
Question
Solution 1
Yes, it's true. A Giffen good is a special type of inferior good which defies the basic law of demand. The law of demand states that as the price of a good increases, the quantity demanded decreases, and vice versa, assuming all other factors remain the same. This results in a downward sloping deman Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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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.
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