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Money Supply and Inflation

The demand cu...

Question

The demand curve for Giffen goods is ________.

A

upward rising

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B

downward rising

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C

parallel to the quantity axis

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D

parallel to the price axis

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Solution

The correct option is A upward rising
In case of Giffen goods, the demand curve has positive slope showing direct relationship between price and quantity demanded. The demand curve for Giffen goods is upward rising.

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