Economics · Theory of Demand
If the demand for a good falls with a decrease in its price, violating the law of demand, the good is specifically known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An ordinary inferior good
- 2A Giffen good✓
- 3A luxury good
- 4A complementary good
Correct answer
A Giffen good
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