48:48 The correct answer is: 3. Giffen good A Giffen good is a type of inferior good for which the negative income effect outweighs the positive substitution effect, leading to a positively sloped demand curve. This happens because as the price of a Giffen good rises, people consume more of it, as they cannot afford superior alternatives.
38:30 Ma'am I think Income elasticity of Necessity Goods is 1 and for Normal goods it lies between 0 to 1 because whatever may be the income the consumption of Necessity Goods do not change for example Life saving drugs.
2:05 Done ❤🔥
48:48 The correct answer is:
3. Giffen good
A Giffen good is a type of inferior good for which the negative income effect outweighs the positive substitution effect, leading to a positively sloped demand curve. This happens because as the price of a Giffen good rises, people consume more of it, as they cannot afford superior alternatives.
38:30
Ma'am I think Income elasticity of Necessity Goods is 1 and for Normal goods it lies between 0 to 1 because whatever may be the income the consumption of Necessity Goods do not change for example Life saving drugs.
Thank you ma'am🍁
Mam 2023 june December k isme include h kya question..ya aapne jo alg video bna rkhi h use dekhna pdega
Marvellous session mam .... seriously best educator of economics 🎉🎉🎉
Mam bhut accha session Raha
Concept bhut accha clear kar diye apne ❤❤
Very useful. Thanks a lot mam
Very nice session complete revision coverage mcq 🎉. Thanking you mam
Wonderful session 🎉😊
IT IS REALLY BENEFICIAL MAM, AMAZING COMMANDS ON THE TOPICS
Sir pls conduct a session of Business environment and international business
outstanding session 🤩🤩
49.24 - answer: Giffen goods
Thank you soo much ma'am nice explanation
Thank you so much ma'am for today's wonderful session 🥰🥰
Thank you mam for such wonderful class
very useful session maam. you cover all pyq that will help in exam Thank you maam.
@@Durgaprasad-nv9fy ap pure eco educator ....bhut log padha dete h lekin clear concept nhi dete
Mam why ic curve is convex to origin whereas ppf is concave to origin as in both cases mrs and mrt are decreasing
Very good
1:03:12
THANK YOU SO MUCH❤
Good evening
Thank you mam
Mam ugc ke paper ho Gaye h ab to mppsc ke assistant professor exam k syllabus solve kra dijiye
I think in this class didn't cover the productions function related questions like leontif production function Cobb Douglas production function etc
Include h 1.12 timing pr
Wooooooooowww
Hello mam
Macro
17/6/2024
4
Wonderful session...thanks a lot mam.