All Giffen goods are Inferior goods but the opposite is not true. WHY?

ArthaShastra
ArthaShastra
15.4 هزار بار بازدید - 3 سال پیش - Welcome backSo, we know that
Welcome back

So, we know that Giffen good is special kind of Inferior good. So, one thing which can create a confusion is:
Law of Demand is applicable in case of Interior good but not in case of Giffen good.

So, how Giffen good is Inferior good???? When we are saying rise in price may increase demand.

Don't worry
The reason is very simple
So, here I have created a shorts for you. Watch that
and understand it.
🙂
If you like the content
then do share and subscribe to my channel 🔔
#AnjaniRathore #ArthaShastra
#Arthashastra class 12th #ArthaShastra class 11th #Microeconomics #Economics
#Giffen good #Inferior good #Price #Quantitydemanded
3 سال پیش در تاریخ 1400/07/08 منتشر شده است.
15,439 بـار بازدید شده
... بیشتر