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TIL what a Veblen Good is. Thanks
by g4d 7y ago
TIL what a Veblen Good is. Thanks
- celeritascelery 7y agoTo save others the googling > 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.
- ricksharp 7y agoTIL what TIL means (also Veblen Good). So today I learned 2 things.