Economics · Economics
In the context of economics, what does 'Giffen good' refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A good for which demand decreases as the price of a substitute increases.
- 2A good for which demand decreases as income increases.
- 3A good for which demand increases as its price increases.✓
- 4A good for which demand increases as income increases.
Correct answer
A good for which demand increases as its 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 Economics MCQs →Want more practice questions on Economics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economics