Solved UPSC CDS/OTA Question
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Q · Law of ElasticityMedium · 45s
Which commodity generally shows negative price elasticity?
TopicLaw of Elasticity
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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Giffen goods are exceptions where price rises and demand also rises.
Final Answer: Option A — Giffen goods