Economics · Consumer Behavior and Demand
Giffen goods are special inferior goods for which:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Cross elasticity of demand is zero
- 2Supply is always limited
- 3Income elasticity of demand is highly positive
- 4Demand increases as price increases✓
Correct answer
Demand increases as price increases
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Consumer Behavior and Demand MCQs →Want more practice questions on Consumer Behavior and Demand?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Consumer Behavior and Demand