In the case of a Giffen good, the demand curve will be.

CA Foundation · Business Economics · MTP · May 2026
In the case of a Giffen good, the demand curve will be.
(A) A. Horizontal
(B) B. Downward sloping to the right
(C) C. Upward-sloping to the right
(D) D. Vertical

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Upward-sloping to the right

Topics: Theory of Demand and Supply

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