A demand which is positively related to price i... - JAMB Economics 1994 Question

A good whose demand is positively related to price is known as a Giffen good. This is an exception to the law of demand, where an increase in price leads to an increase in quantity demanded. Giffen goods are typically inferior goods that make up a significant portion of a consumer's budget, and when their price rises, the consumer is forced to cut back on other, more expensive goods and consume more of the Giffen good.