Sign up  |  Log in

Inferior & giffen

Can I say that the giffen good is a type inferior goods with the lowest prices/quality/level??

The best just got better. Schweser's upgraded content and redesigned study platform are exactly what you need to pass the Level I exam. Save 10% when you preorder a Premium Package for a limited time.

The answer is yes. Both giffen and inferior good has negative income effect, but it only dominates the positive sub. effect with respectto the the former