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When a inferior good consider a …

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When a inferior good consider a giffen good(highly inferior)? (with reference to substitution effect)

    • Posted by Sarthak Mahajan 7 years, 2 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Shivam Chopra 7 years, 2 months ago

    a rise in consumers income makes his purchasing power strong nd thus the product he was buying earlier is now an inferior good for him and also due to various subsitutes available makes that good more inferior i.e giffen goods

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