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That would be Giffen good, which may not exist at all. https://en.m.wikipedia.org/wiki/Giffen_good https://en.m.wikipedia.org/wiki/Giffen_good
by wiremaus 7y ago
That would be Giffen good, which may not exist at all.
https://en.m.wikipedia.org/wiki/Giffen_good https://en.m.wikipedia.org/wiki/Giffen_good
- ghaff 7y agoNot really. Probably closer to a Veblen good (which does exist) but, in any case, those are about increased price driving up demand, not increased supply driving up price. (I suppose increased supply could drive up price if providing that additional supply increased the overall costs but you'd presumably still be constrained by the overall supply/demand curves of the market.)