Meaning of Giffen Goods

[@eduspred-econometrics-tutor]

Normal Goods and Inferior Goods Explained!! Video Link: kzbin.info/www/bejne/r4u6g6WNmZeqhdk

[@yachanabhandari7115]

When i was reading GIFFEN GOODS in my text book i literally could'nt understand anything.But your explanation made it easy. Thank you!☺

[@sagarrj9935]

YACHANA BHANDARI ...giffin goods is very easy concept

[@Shushanth78644]

Same problem ..i found now

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@noel7777noel]

​​​@@eduspred-econometrics-tutor The progressive tax rate is to punish the seller for breaking the pinky swear. The pinky promise between the seller and buyers to meet in the middle. To meet in the middle of the big X on the normal supply and demand math chart. Meeting the buyer in the middle is no pinky promise. You seller has no choice. We tax them with a progressive tax rate as punishment..

[@noel7777noel]

Griffin goods are basically, (A) A must-have item (B) no suitable replacement

[@rahulpandey8576]

Short and simple, nicely explained... Your english is so fluent and clear

[@eduspred-econometrics-tutor]

Glad you think so!

[@noel7777noel]

Basically, griffin goods is (A) A must-have item (B) no suitable replacement (C) a scalper's market Veblen goods is a market where the mental illness of narcissism is at play. Griffin goods are a must-have item with no suitable replacement at play.

[@supriyakesharwani4376]

Well explained! I really wanted a video like this only. Although my background is not economics.However, I understand each and every point. Thanks! :)

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@supriyakesharwani4376]

@@eduspred-econometrics-tutor Glad you replied it. 💛

[@mastrammeena328]

Woooow Best of all those videos on the KZbin Especially the last part where you say that in reality evidence is actually less

[@eduspred-econometrics-tutor]

Thank you. Feel free to write to us if you need any help with Microeconomics or Statistics. Our online coaching page: www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Whatsapp: [phone] Mail: [e-mail]

[@oszone8739]

Your teaching style is unique

[@eduspred-econometrics-tutor]

Thank you.

[@indiahxzl9757]

thankyou! Short, clearly explained - love it.

[@eduspred-econometrics-tutor]

Glad you liked it.

[@dibyashreedash4183]

Thanks sir making this video 👍😊

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@shobhitswami9593]

Simple and short... good job done... thank you so much ...❤

[@eduspred-econometrics-tutor]

Glad it helped!

[@sabedi2129]

Really good explained, thanks🙏🙏

[@eduspred-econometrics-tutor]

Thank you so much for the kind words. Feel free to share our work with your friends and help us spread the word. Also, we would really appreciate if you could rate us on google. Here is the direct link: g.page/r/CcgH94fg9j_jEAg/review It won't take more than a few seconds and would mean a lot to us :)

[@promilamardy7821]

Thank you!❤

[@eduspred-econometrics-tutor]

Glad you liked it.

[@zainabfatima6951]

Amazing sir short and sweet😭😎

[@eduspred-econometrics-tutor]

Thank you. Feel free to write to us if you need any help with Microeconomics. Our online coaching page: www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor

[@ManufacturingSuccess321]

Thank you🎉

[@tabassumafzal9823]

An extremely lucid explanation! but can you please tell if there is any difference between giffen goods and inferior goods?

[@eduspred-econometrics-tutor]

Hello, you may take a look at the following video to understand the concept of inferior goods: kzbin.info/www/bejne/r4u6g6WNmZeqhdk Also, in addition to above, note that all Giffen goods are Inferior goods but all inferior goods are not Giffen goods.

[@tabassumafzal9823]

Thank you 😊

[@pritysinghanishasingh1231]

Best video 👌👌👌👌

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@ashilajey7431]

Tq you so much after hearing yr talk about the giffen paradox only I understood what it is

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@mamtapandey9504]

Very nicely explained

[@eduspred-econometrics-tutor]

Thank you.

[@tharindupathirana30]

Thank you!

[@eduspred-econometrics-tutor]

Glad you liked the video.

[@denuwan7688]

SL!

[@priyankaupadhyay5]

Thank you

[@eduspred-econometrics-tutor]

Thank you. Feel free to share our videos with your friends and colleagues.

[@tanvidave]

Very nice explanation, thanx

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@sm8874]

clean explanations. good work. thanks!

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@grey-spark]

So basically Giffen Goods are built on coercion. Where consumer need overtakes consumer preference.

[@unknownrohitig]

Thank you Sir!

[@eduspred-econometrics-tutor]

Thank you. Feel free to share our videos with your friends and colleagues.

[@vamshi781]

Thank you,good explaination.

[@eduspred-econometrics-tutor]

Glad you liked it.

[@priyanshiagrawal2306]

But he can also increase tha demand of wheat and reduce the demand of bajra.... In this case what will happen??

[@MohitYadav-zw5ch]

Thanks

[@eduspred-econometrics-tutor]

Thank you. Feel free to share our videos with your friends and colleagues.

[@vishwashmishra1823]

a very good example indeed

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@bistroshan7198]

Cleared🔥

[@eduspred-econometrics-tutor]

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[@FlattenedSax]

Helpful explanation

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@saifwali3132]

What would you say about price Elasticity of Demand for giffen goods? 😓

[@eduspred-econometrics-tutor]

The price elasticity of demand for giffen goods is positive.

[@kiranverma2180]

it's positive

[@sagarrj9935]

Saif Wali price elasticity has nothing to do with the basic concept of giffin goods... kzbin.info/www/bejne/qmKoo5ifo7uJm5I

[@rahultripathi3198]

which of the two was giffen u just explained normal and inferior ..giffen goods are also named as highly inferior goods.. plzzz explain..

[@simranbhatia2924]

Rahul Tripathi bajra was the giffen good

[@rahultripathi3198]

but giffen goods are not related to income.

[@yuvaraj_singh]

very nice brother!

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@ipsitaray1175]

nice explanation

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@Sujaaji-us7wf]

Can you explain why all inferior goods are not giffon goods....

[@pranavshrestha4953]

Giffen goods are usually those inferior goods which is more of a necessity and does not have a proper substitute available.

[@milan1369]

thx

[@eduspred-econometrics-tutor]

Thank you, feel free to share with your friends :)

[@arghyaprotimhalder5592]

What never understand in school understand here

[@eduspred-econometrics-tutor]

Thank you!

[@niketagarwal3442]

Thank u so much

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@ashwiniramnani9149]

How do you record this video?

[@eduspred-econometrics-tutor]

Create slides on Powerpoint and then use any screen recorder to capture the screen and your voice.

[@ashwiniramnani9149]

@@eduspred-econometrics-tutor I created ppt and recorder in laptop?

[@eduspred-econometrics-tutor]

@@ashwiniramnani9149 There are free screen recorders available online. You can work with any of them. We use a professional video recording and editing software - Camtasia.

[@ashwiniramnani9149]

@@eduspred-econometrics-tutor I will surely try that thankyou so much.....

[@eduspred-econometrics-tutor]

@@ashwiniramnani9149 You are welcome.

[@amitkeshri4983]

30 kg = 200 $😢😢😢.. 200$×70= 14000₹ ,,bro r u serious?

[@Deepakbeat.]

Nice

[@eduspred-econometrics-tutor]

Thank you. Feel free to share our videos with your friends and colleagues.

[@deeptiyadav6406]

Wow!

[@eduspred-econometrics-tutor]

Thank you.

[@rishirajgiri7925]

yeah got the difference nice

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@qadirsultani3640]

AHow we can relate giffen goods with income..

[@raghav3857]

Inverse relation with income

[@sapnasharma8425]

Theennkkkewww 💖💫

[@eduspred-econometrics-tutor]

Thank you so much for the kind words. Feel free to share our work with your friends and help us spread the word. Also, we would really appreciate if you could rate us on google. Here is the direct link: g.page/r/CcgH94fg9j_jEAg/review It won't take more than a few seconds and would mean a lot to us :)

[@Abc-p5h4u]

😄👍👍

[@eduspred-econometrics-tutor]

Glad it was helpful!

[@asawirgull1914]

👍🏼

[@eduspred-econometrics-tutor]

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[@vs562]

nice

[@eduspred-econometrics-tutor]

Glad you liked it :)

[@aishwaryarathore5847]

Sir hindi me explain karo plz

[@sagarrj9935]

Aishwarya Rathore here is the hindi version of giffin goods kzbin.info/www/bejne/qmKoo5ifo7uJm5I

[@maheshmaili782]

Telugulo cheppandi sir

[@MrOmkari]

This is the worst lec i have seen so far

[@rahultripathi3198]

true

[@sagarrj9935]

nice video giffin goods kzbin.info/www/bejne/qmKoo5ifo7uJm5I

[@sairabhanu7353]

First fall have u under stand bro dont keep stupid msgs

[@jcmh9916]

bajra?

[@bobster123]

thanks

[@shaikShaik-fw6fw]

nice explanation

[@eduspred-econometrics-tutor]

Glad you liked it :)