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प्रश्न
What are Veblen goods?
एका वाक्यात उत्तर
उत्तर
Veblen goods are rich men's goods. Rich people buy these goods because they are different from commonly used goods.
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Determinants of Demand Or Demand Function
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संबंधित प्रश्न
What will be the impact of a rise in price on the demand for its complementary goods?
If due to fall in the price of good X, demand for Y rises, the two goods are ______.
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| A. Normal goods | (i) Goods the demand for which tends to fall with increase in income. |
| B. Inferior goods | (ii) Goods which cannot be used in place of one another. |
| C. Substitute goods | (iii) Goods which can be used in place of one another. |
| D. Joint demand | (iv) Goods the demand for which rise with increase in income. |
What do you mean by substitute goods?
Explain the impact on demand of complementary goods.
Define market demand.
What do you mean by a normal good?
Given an example of Veblen goods.
Detergent powder and detergent cake are examples of ______.
Milk can be put to several uses; therefore, it is called as a ______ good.
