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How Do Wine, Cars, and Clothes Defy Economics? episode artwork

EPISODE · Feb 8, 2020 · 6 MIN

How Do Wine, Cars, and Clothes Defy Economics?

from BrainStuff · host iHeartPodcasts

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. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

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How Do Wine, Cars, and Clothes Defy Economics?

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This episode was published on February 8, 2020.

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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. Learn more about your ad-choices at...

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