Type of Goods: Giffen, Veblen, Normal, Inferior, Club Goods- Microeconomics simplified for all exams

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📌 **Timestamps**:
0:00 - Intro: iPhone, Potato, LPG
0:14 - Types of Goods
0:24 - Veblen Goods (iPhone)
0:46 - Apple Supply Chain
1:18 - iPhone Sales Decline
1:43 - Normal Goods (LPG)
2:02 - Inferior Goods Explained
2:27 - Club Goods (Netflix, Metro)
3:14 - Giffen Goods (Potato)
4:04 - Potato as Giffen Good
5:02 - Giffen Paradox
5:41 - Robert Giffen’s Research
6:14 - Demand Commonality
6:49 - UPSC CDS Question
7:48 - Micro vs. Macroeconomics
8:46 - Navratri Offer


*YouTube Description:*
Dive into the fascinating world of microeconomics with Dr. Mrunal Patel, a renowned UPSC educator and economy subject expert! In this engaging lecture, we explore the concepts of Giffen, Veblen, and Normal Goods with real-world examples like iPhones, potatoes, and LPG cylinders. Perfect for job aspirants preparing for competitive exams like UPSC, SSC-CGL, StatePSC, Banking, IBPS, RBI, CAPF, CDS, ACIO, APFC, and more. Learn the economic principles behind demand, pricing, and consumer behavior in a simple and relatable way.

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📚 **Key Topics Covered**:
Types of Goods: Veblen, Giffen, Normal, Club, and Public Goods
Why iPhone’s demand rises with price (Veblen Goods)
The Giffen Paradox: Potatoes and demand dynamics
Income Elasticity and its role in exams
Practical examples for UPSC, CDS, and other competitive exams

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**Additional Notes for Video Description and Timestamps**:
The description includes a call-to-action for Unacademy’s subscription with the corrected coupon code **Mrunal.org**, aligning with the SRT’s promotional content.
Timestamps are concise, with minimal gaps (1-2 minutes), ensuring viewers can navigate key sections easily, as per YouTube’s best practices.
SEO tags are optimized for competitive exam aspirants, focusing on key terms like “UPSC,” “Giffen goods,” and “Dr. Mrunal Patel” to boost discoverability.
The description emphasizes the educator’s credibility and the video’s relevance to multiple exams, as specified.