Giffen goods

A form of Giffen good — A type of inferior good for which the quantity demanded increases when its price rises, and decreases when its price falls, thus violating the usual law of demand.

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Meanings

noun
  1. pluralplural of Giffen good
Cite this entry
APA

Giffen goods. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/Giffen%20goods

MLA

“Giffen goods.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Giffen%20goods. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “Giffen goods,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/Giffen%20goods.

Source: Giffen goods on Wiktionary, CC BY-SA 4.0.