4 ms·
That's the opposite of what I said. A Veblen good means the same item, if priced higher, is somehow more desirable. But you've described a more expensive lawn
by ars 3y ago
That's the opposite of what I said. A Veblen good means the same item, if priced higher, is somehow more desirable.
But you've described a more expensive lawn that is actually better, which makes it a normal good.
You are simply wrong about lawns being a Veblen, and you should acknowledge that.
- fragmede 3y agoA Veblen good is something for which demand goes up as it gets more expensive, not for the same item. A Rolex isn't the same as a Casio.