Question

when products are expensive then how is the demand prestigious goods of the rich
A. More
B. less
C. Zero
D. Negative

plzzz as soon as possible wite answer and if u dont know plzz dont write anything
bcoz i have to write this ans in 4:00 online test​

Answer 1

hi

hope it helps you and mark as brainliest

Answer 2

Answer:

When products are expensive then the demand for prestigious goods of the rich is more.

Explanation:

• After the economist, Thorstein Veblen the concept is called Veblen good.
• The exception to the law of demand is well established for the Veblen goods.
• T. Veblen is the one who introduced the theory of conspicuous consumption.
• According to the Veblen concept, there are some goods that become even more valuable as their prices increase.
• It states that if a product is very expensive, then the value and the utility are anticipated to be more. The demand for the product also increases.

Hence, the demand for prestigious goods will be more.