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In case of a Giffen good, the demand curve will be:
  • a)
    Horizontal
  • b)
    Downward – sloping to the right
  • c)
    Vertical 
  • d)
    Upward – sloping
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
In case of a Giffen good, the demand curve will be:a)Horizontalb)Downw...
B) Downward
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In case of a Giffen good, the demand curve will be:a)Horizontalb)Downward – sloping to the rightc)Verticald)Upward – slopingCorrect answer is option 'D'. Can you explain this answer?
Question Description
In case of a Giffen good, the demand curve will be:a)Horizontalb)Downward – sloping to the rightc)Verticald)Upward – slopingCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In case of a Giffen good, the demand curve will be:a)Horizontalb)Downward – sloping to the rightc)Verticald)Upward – slopingCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In case of a Giffen good, the demand curve will be:a)Horizontalb)Downward – sloping to the rightc)Verticald)Upward – slopingCorrect answer is option 'D'. Can you explain this answer?.
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