Giffen good/Definition: Difference between revisions
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imported>Nick Gardner (New page: An "inferior product" for which the amount demanded falls when its price falls (because the increase in income resulting from the price reduction prompts the consumer to switch expenditure...) |
imported>John Dvorak m (Template:Def Giffen good moved to Giffen good/Definition: Moving_definition) |
(No difference)
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Revision as of 17:46, 22 May 2008
An "inferior product" for which the amount demanded falls when its price falls (because the increase in income resulting from the price reduction prompts the consumer to switch expenditure to a more expensive product).