If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.
Ali Hashemifara
Ali Hashemifara is an economics student at the University of Reading. He has previously written pieces for Durham University’s Economics Society and Oxford University’s Cutting Takes. He can be contacted at a.hashemifara@student.reading.ac.uk.
