snob effect
snob effect · snob effects
The situation where the demand for a certain good by individuals of a higher income…The 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.
Meaning
1 sensesThe 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.
Forms
plural: snob effects| Singular | snob effect |
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| Plural | snob effects |
regular