Giffen Paradox Is An Exception Of. He observed that when the price of bread increased, then the low. These include the giffen goods, veblen goods, possible price changes, and essential goods.

Marshall introduced the giffen’s paradox as an exception to the law of demand in the third edition of his book principles of economics (i895) as, ‘ there are however some. Giffen goods and the giffen paradox are alluded to in every standard economics textbook, yet there is no comprehensive reference work available.