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How Do Wine, Cars, and Clothes Defy Economics?

How Do Wine, Cars, and Clothes Defy Economics?

BrainStuff

February 8, 20206m 29s

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Show Notes

With most goods and services, as their price goes up, demand goes down -- but not so with luxury items from diamonds to college educations. Learn how Veblen goods work in this episode of BrainStuff.

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