Q. In which of the following case, law of demand fails?
A) Normal goods
B) Giffen goods
C) Both Giffen and Inferior goods
D) Inferior goods
✔ Correct Answer: Giffen goods
Exam Insight
-
A) Normal goods
B) Giffen goods
C) Both Giffen and Inferior goods
D) Inferior goods
✔ Correct Answer: Giffen goods
-
Explore educational articles, current affairs, science, technology, history, politics, business and hundreds of learning resources organized into categories.
Explore the most searched educational topics.
Explore Sarkari Jobs, Admit Cards & Results easily on TutorliV
Practice topic-wise MCQs for competitive exams like SSC, UPSC, Banking & more.