Giffen goods are non-luxury items that generate higher demand when prices rise, creating an upward-sloping demand curve contrary to standard laws of demand.

A Giffen good defies normal market behavior -- when the price of the good rises, demand for it actually increases. The existence of the phenomenon was first identified by a Victorian-era British ...

Simply put, a Giffen good is a paradox of economics where rising prices lead to higher demand, which is in contrast to the negatively sloped demand curve that students learn in Economics 101.

A Giffen good — named for 19th-century Scottish economist Sir Robert Giffen — is an odd thing. It's something that people buy more of as the price goes up.

Kehlani captures her third straight No. 1 on Billboard’s Top R&B Albums chart as It Was Good Until It Wasn’t enters atop the list dated May 23. The album arrives with 83,000 equivalent album ...