Economics · Consumer Behaviour and Demand
In the case of Giffen goods, the demand curve will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Downward sloping from left to right
- 2Perfectly horizontal and parallel to the quantity axis
- 3Negatively sloped, as they follow the law of demand
- 4Positively sloped, as they are an exception to the law of demand✓
Correct answer
Positively sloped, as they are an exception to the law of demand
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