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EC311 · Intermediate Microeconomics

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EC311 / TOPIC 08

3.4 Inferior, Giffen and welfare measures

One idea · follow the reasoning · then practise1 / 9

01

What additional condition makes an inferior good Giffen?

Top-down scene with coffee, a wallet, a notebook, and several curves crossing a dashed line at an orange point
VISUAL NOTE · Consumer choice When the income effect overpowers the usual direction

Why can a price rise increase demand for some inferior goods but not others?