Veblen good/Definition: Difference between revisions
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imported>John Dvorak m (Template:Def Veblen good moved to Veblen good/Definition: Moving_definition) |
imported>Chris Day No edit summary |
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A product, the demand for which increases when its price increases because consumers obtain more satisfaction from more expensive products. | A product, the demand for which increases when its price increases because consumers obtain more satisfaction from more expensive products. | ||
Latest revision as of 23:36, 22 May 2008
A product, the demand for which increases when its price increases because consumers obtain more satisfaction from more expensive products.