Giffen-good Definition
noun
A good which people consume more of as only the price rises; Having a positive price elasticity of demand.
Wiktionary
Other Word Forms of Giffen-good
Noun
Singular:
giffen-good
Plural:
Giffen goodsOrigin of Giffen-good
named after Scottish economist Sir Robert Giffen, who was attributed as the author of this idea by Alfred Marshall in his book Principles of Economics.
From Wiktionary
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