Question
What is the demand curve for a Giffen
good?Solution
The demand curve for a Giffen good is upward sloping, which means that as the price of the good increases, the quantity demanded also increases.
More ESIC Part B Questions
Who was honored with the Global Pride of Sindhi Award 2024?
- Which renowned ancient university was established by Emperor Kumaragupta?
Which life insurance company has launched the ‘NIFTY Smallcap Quality Index Fund’ in the ULIP segment that provides an excellent opportunity to pa...
The Kuznets Curve depicts the relationship between:
- What is the total budget allocated for the Revised National Program for Dairy Development (NPDapproved by the Union Cabinet in March 2025?
Which medal did India’s men’s hockey team win at the Paris Olympics 2024, and who scored both goals in their 2-1 victory over Spain?
What is the chemical formula of table salt?Â
- Where was Eastern India's first astronomical observatory inaugurated in January 2025?
What is the purpose of the Reserve Bank of India (RBI) introducing a Fully Accessible Route (FAR) for investments in sovereign green bonds?
- In which Indian state is the 'Sangai Deer' found?
Relevant for Exams:
