Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Giffen goods are exceptions to the law of demand. Reason R: Under a Giffen good, the demand curve shows a negative relationship between price and demand. In the light of the above statements, choose the most appropriate answer:

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Economics · Consumer Behavior

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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A is correct but R is not correct

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