Find the odd word : Determinants of demand : Price, Income, Prices of substitute goods, Giffen's paradox
Q.1 (D) (ii) Find the odd word : Determinants of demand : Price, Income, Prices of substitute goods, Giffen's paradox
Q.1 (D) (ii) Find the odd word : Determinants of demand : Price, Income, Prices of substitute goods, Giffen's paradox
Best answer
Answer: Giffen's paradox
Price, income and prices of substitutes determine demand. Giffen's paradox is an exception to the law of demand, not a determinant of demand.
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