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giffen goods meaning in Hindi
giffen goods sentence in HindiExamples
More: Next- :: It's worth reviewing Inferior goods and, perhaps, Giffen goods.
- Giffen goods are difficult to study because the definition requires a number of observable conditions.
- The interaction effects are a different kind of anomaly from that posed by Giffen goods.
- Giffen goods are an exception to this general rule.
- Any good where the income effect more than compensates for the substitution effect is a Giffen good.
- In 1991, Battalio, Kagel, and Kogut proved that quinine water is a Giffen good for some lab rats.
- For this reason, many text books use the term " Giffen paradox " rather than " Giffen good ."
- Anthony Bopp ( 1983 ) proposed that kerosene, a low-quality fuel used in home heating, was a Giffen good.
- However, they were only able to show the existence of a Giffen good at an individual level and not the market level.
- To be a true Giffen good, the good's price must be the only thing that changes to produce a change in quantity demanded.