The Case of Buying More as Prices Rise – Giffen Paradox Table of Contents – Giffen Paradox ∘ What is the Giffen Paradox? ∘ What is a Giffen good? ∘ Examples of Giffen Goods ∘ Similar Effect but a Contrasting Case: Veblen’s Goods ∘ Conclusion Giffen Paradox – Let’s say you go to the market and buy a product…
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