Post AdCaYityMMXnVfK4XY by RealGene@mastodon.online
 (DIR) More posts by RealGene@mastodon.online
 (DIR) Post #AdCCvtEfhtRlJuWCpM by todayilearned@noc.social
       2023-12-26T08:36:06Z
       
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       TIL the Giffen Goods. These are poor-quality goods that defy standard economic behavior and whose demand increases as prices rise. Despite the substitution effect, the income effect of higher prices leads to greater consumption of the commodity.https://www.peakframeworks.com/post/giffen-goods#til #todayilearnedhttps://www.reddit.com/r/todayilearned/comments/18r32c7/til_the_giffen_goods_these_are_poorquality_goods/
       
 (DIR) Post #AdCaYityMMXnVfK4XY by RealGene@mastodon.online
       2023-12-26T13:00:48Z
       
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       @todayilearned Here's a link to the article so you don't have to suffer through Reddit:https://www.peakframeworks.com/post/giffen-goods