Snob effect
id:
snob-effect-252-11659445
title:
Snob effect
text:
The snob effect is a phenomenon described in microeconomics as a situation where the demand for a certain good by individuals of a higher income level is inversely related to its demand by those of a lower income level. The "snob effect" contrasts most other microeconomic models, in that the demand curve can have a positive slope, rather than the typical negatively sloped demand curve of normal goods. This situation is derived by the desire to own unusual, expensive or unique goods. These goods
brand slug:
wiki
category slug:
encyclopedia
description:
Phenomenon in microeconomics
original url:
https://en.wikipedia.org/wiki/Snob_effect
date created:
date modified:
2024-04-06T17:16:50Z
main entity:
{"identifier":"Q1187566","url":"https://www.wikidata.org/entity/Q1187566"}
image:
fields total:
13
integrity:
14