Page Layout 6) \"Qwiffmemn goods are described as goods that show direct price-demand relationship, i.e. demand for good increases with an increase in the price, violating the law of demand. When the price of good falls, consumers do not purchase it more, as they seek better alternatives. It is due to the reason that income effect of higher price supersedes substitution effect. \" - Cah you explain the relationship between a good being Giffen good, and the income and substitution effect as mentioned in the quotation? 10