In the case of a Giffen good, the demand curve will be Options: A . &nbspHorizontal B . &nbspDownward to the right C . &nbspUpward to the right D . &nbspVertical

In the case of a Giffen good, the demand curve will be

Question

In the case of a Giffen good, the demand curve will be

Options:

A . Horizontal

B . Downward to the right

C . Upward to the right

D . Vertical

Answer: Option C

Submit Your Solution Below and Earn Points !

Next Question

Question 1. The law of consumer surplus is based on....

Question 2. An isoquant slopes....

Question 3. Demand for final consumption arises in....

Question 4. When as a result of decrease in price of good, the total expenditure made on it decreases we say that price elasticity o....it decreases we say that price elasticity of demand is

Question 5. Under which market structure, average revenue of a firm is equal to its marginal revenue....

Question 6. The structure of the cold drink industry in India is best described as....

Question 7. The producer is in equilibrium at a point where the cost line is....

Question 8. In economics, what a consumer is ready to pay minus what he actually pays, is termed as....

Question 9. If the price of 'X' rises by 10 percent and the quantity demanded falls by 10 percent, 'X' has....

Question 10. Demand for intermediate consumption arises in....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0