Course Content
Learn Principles of Economics with Rahul

Giffen’s good and the law of demand

An exception to the Marshall’s law of demand is called “Giffen’s Paradox”. The paradox states that for some special inferior goods, the amount demanded does not raise with a fall in their price, rather it decreases.

What is the demand curve for a Giffen good? - Quora

Fig 5: Giffen’s Good and the law of demand.

Scroll to Top