A Giffen good is one in which the _____ curve is _____ sloped.
A) supply; negatively
B) demand; negatively
C) supply; positively
D) demand; positively

Name: A Giffen good is one in which the _____ curve is _____ sloped. A) supply; negatively B) demand; negatively C) supply; positively D) demand; positively
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Question

Quizplus · Accepted Answer

A Giffen good is characterized by an upward-sloping demand curve, meaning that as the price increases, the quantity demanded also increases, contrary to the typical law of demand.

A Giffen Good Is One in Which the _____ Curve