Q. The goods which people consume more, when their price rises are called _______.
A) Capital goods
B) Essential goods
C) Giffen goods
D) Veblen goods
✔ Correct Answer: Giffen goods
Exam Insight
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A) Capital goods
B) Essential goods
C) Giffen goods
D) Veblen goods
✔ Correct Answer: Giffen goods
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