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Deriving the Demand Curve

Demand Curve for Giffen Goods

Demand Curve for Giffen Goods

Giffen goods are essentially goods that demonstrate an increase in demand as a result of an increase in price, generally considered counter-intuitive in traditional economic models. This graph illustrates the derivation of a demand curve for these goods.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    Wikieducator.
    http://wikieducator.org/images/c/cf/Demand2b.jpeg CC BY-SA.

Related Terms

  • Derivation
  • Giffen good
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