Veblen good/Definition: Difference between revisions

From Citizendium
Jump to navigation Jump to search
imported>Nick Gardner
(New page: A product, the demand for which increases when its price increases because consumers obtain more satisfaction from more expensive products.)
 
imported>John Dvorak
m (Template:Def Veblen good moved to Veblen good/Definition: Moving_definition)
(No difference)

Revision as of 19:52, 22 May 2008

A product, the demand for which increases when its price increases because consumers obtain more satisfaction from more expensive products.