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23 vote

Price and demand are positively correlated in case of

Asked on by | Votes 23 | Views: 534 | Tags: general knowledge     | commerce     | economics     | Add Bounty

Price and demand are positively correlated in case of

A).  Normal goods

B).  Comforts

C).  Giffen goods

D).  Luxuries


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1 answers

16 vote
Answered by on | Votes 16 |

 Giffen goods



Price and demand are positively correlated in case of Giffen goods. A Giffen good is a product for which demand increases as the price increases and falls when the price decreases.

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