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Circumstance of Upward Sloping Demand Curves
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Economic Theories research papers
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This 5 page paper considers the situations where, contrary to the normal rules of supply and demand, an increase in the price of a product may also see an increase in demand. This paper examines both Giffen goods (inferior goods) and Veblen goods (luxury goods). The paper includes 1 graph and cites 3 sources.
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Pages:
5
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Filename:TS14_TEgiffen.wps |
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Paper Title:
Circumstance of Upward Sloping Demand Curves
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