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Gift Mupunga
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Somebody tried to explain to me the following but I could not understand and he could not understand my counter arguments. He said if price becomes too high, demand curve changes to supply curve since because the demander can start to supply the good in question due to the high price. May anyone explain how this is/is not possible?
Commented Dec 18, 2016 on Yes, demand curves can slope upwards at Dani Rodrik's weblog
Yes, demand curves can slope upwards
A paper with the title "Giffen Behavior: Theory and Evidence" may not get your heart racing with excitement, but here is one of the most interesting pieces of economic research I have seen in a while. Many years in the making, this paper by my two Kennedy School colleagues Rob Jensen and Nolan ...
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