Question: What happens to a Giffen good when its price increases? Will award Best Answer!? Please what I need is a link to a graph or article that better explains the increase in the Qd of the giffen good when its price increases.\n\nThanks,

Answer: When the price increase, the quantity demanded increases also.\n\nQuoted from the Wiki:\nThere are three necessary preconditions for this situation to arise:\n\n-the good in question must be an inferior good, \n-there must be a lack of close substitute goods, and \n-the good must constitute a substantial percentage of the buyer's income.
This question from the Yahoo Q&A forum is categorized in the topic: Computers & Internet