For a Giffen good, the demand curve ________.

is vertical

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is horizontal

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slopes upward

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slopes downward

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Solution

The correct option is B slopes upward
A Giffen good has an upward-sloping demand curve which is opposite to the fundamental law of demand, which states that with an increase in the price level of a commodity, the quantity demanded of that product also increases

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For a normal good with a downward sloping demand curve:

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