Hi guys,
Please help me to understand this part (Schweser book)
Many thanks
Positive demand slope means: higher price = higher demand => If there is no limit, the supplier will increase the price limitless, let say instead of selling that Gucci bag at $100k, they will sell it at $10B or $100B when applying this logic.
=> There should be a limit of the demand curve of the Veblen Good.
Noted with thanks.