Start learning 50% faster. Sign in now
Both Giffen goods and Veblen goods are special cases of goods where the demand for the good is different from what we would intuitively expect. Whereas most goods are normal good, meaning that we buy more of them when the price decreases, this is not the case for Giffen and Veblen goods. Thus, both goods are exceptions to the law of demand
178 168 148 ? 78 28
312, 302, 282, ?, 212, 162
43 86 258 ? 5160 30960
...161 173 191 215 245 ?
...14 20 28 39 ? 74
56, 27, 14.5, 6.25, ?, 1.0625
216, 81, 297, 378, ?, 1035, 1728
50, 64, 80, 98, 118, ?
What will come in place of the question mark (?) in the following series?
75, ?, 107, 148, 229, 390
78 79 75 84 ? 93 57
...