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the claim

Giffen goods violate the law of demand where higher prices increase demand

the verdict

SUPPORTED

the evidence backs this

confidence 75/100

Economic literature confirms that Giffen goods represent an exception to the law of demand, where higher prices lead to increased demand due to a strong negative income effect.

Evidence for · 2

en.wikipedia.org: Giffen good

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States that a Giffen good is a product consumed more as price rises, violating the law of demand.

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link.springer.com: Giffen’s Paradox | Springer Nature Link

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Explains that Giffen's paradox means demand can be upward sloping, violating the law of demand.

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first checked01 Aug 2026

judged → SUPPORTED · 7501 Aug 2026

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