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0 pointsgozur889y ago0 comments

Things don't cost more or less based on what people can afford.

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Sure they do. They cost as much as you can get away with.

Especially: https://en.wikipedia.org/wiki/Veblen_good

Now you're starting to mix things up. Yes, there is a small subset of goods that constitute Veblen goods. Yes, the price of anything is what people are willing to pay. But people don't pay more because they can afford it.

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astrange9y ago

Sure they do. They cost as much as you can get away with.

Especially: https://en.wikipedia.org/wiki/Veblen_good

gozur88OP9y ago

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