A Giffen good is a good such that as its price falls, its demand also falls and vice versa, ...

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A Giffen good is a good such that as its price falls, its demand also falls and vice versa, ...

A Giffen good is a good such that as its price falls, its demand also falls and vice versa, resulting in an upward sloping demand curve.

True or False?

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Microeconomics

Edition: 2^nd

Author: James

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