What are VEBLEN and GIFFEN Goods

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✅ According to the law of demand and common sense, the higher the price of a good, the lower the demand for it. But is this always true? … Well… not necessarily. Let’s have a closer look at Veblen and Giffen Goods

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#veblen #giffen #finance #economics #education

DISCLAIMER: Information presented here are just for educational and entertainment purpose only. They are not financial advice. Always do your own research.
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This information is very useful if you want to know a little more about the economic engine.

andreimirea