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Old Saturday, December 02, 2006
Kashif Saeed Kashif Saeed is offline
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"If the income effect is opposite and stronger than the substitution effect, the consumer will buy more of the good when it becomes more expensive. There is a generally agreed upon example of this happening, known as a Giffen good."

Giffen Good is type of this good not example. Economists debate its existence. Though, authors like Dewett cite potatoes as example and some cite diamonds.
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