Good morning class. Today, in Microeconomics 901, we are going to learn about “Veblen goods.” As you all know, microeconomics consists of two groups — businesses and people. Microeconomics is the study of decisions made by firms regarding the allocation of resources. It is also the study of the prices people are willing to pay…
Take my money, please
Good morning class. Today, in Microeconomics 901, we are going to learn about “Veblen goods.” As you all know, microeconomics consists of two groups — businesses and people. Microeconomics is the study of decisions made by firms regarding the allocation of resources. It is also the study of the prices people are willing to pay…
By Allen Harris
January 19, 2021