Difference between revisions of "Veblen goods"

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(Created page with "==About== Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases, an apparent contradiction of the law of demand, resulting i...")
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Revision as of 15:02, 28 November 2019

About

Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases, an apparent contradiction of the law of demand, resulting in an upward-sloping demand curve.

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