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Things don't cost more or less based on what people can afford.
by gozur88 10y ago
Things don't cost more or less based on what people can afford.
- astrange 10y agoSure they do. They cost as much as you can get away with. Especially: https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good
- gozur88 10y agoNow you're starting to mix things up. Yes, there is a small subset of goods that constitute Veblen goods. Yes, the price of anything is what people are willing to pay. But people don't pay more because they can afford it.