Gold and diamond are? a)veblen goods. b) substitutes.c)Giffen goods.d) complementary goods.
Answers
Answered by
1
Answer:
Veblen goods
Explanation:
Veblen goods are typically high-quality goods that are made well, are exclusive, and are a status symbol. Veblen goods are generally sought after by affluent consumers who place a premium on the utility of the good. Examples of Veblen goods include designer jewelry, yachts, and luxury cars
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Answered by
5
Answer:
a) veblen goods.
Explanation:
Veblen goods are those which are luxurious.
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