Question
Goods whose demand increases as their price rises are
known as?Solution
Veblen goods are luxury items for which demand increases as their price rises, as higher prices increase their perceived value or status.
More Economics Questions
(49 x ?) / 3.5 + 389 = 627
Simplify the following expression and find the final value:
(18 ÷ 6 of 2 + 7 of 5) ÷ 5
2048 × 1824 ÷ 76 = (? - 212) × 64
Simplify the following expression:
Find the value of 'p' in the given expression: 15 of 6 ÷ p x 4 = 30.
5.5 × 3.2 × 2.3 = ?
? = 15% of 2400 + 140% of 4200 – 12 3Â
If 32x + 1 – 3x = 3x + 3 – 32, then values of x are:
(√ 196 x √ 36 x √ 100) = ?% of 200
212.3 × 4414.7 × 4623.4 × 4845.85 = 462?
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